Intech Investment Management LLC Acquires 96,120 Shares of Exp World Holdings, Inc. $EXPI

Intech Investment Management LLC boosted its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 81.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,277 shares of the technology company’s stock after buying an additional 96,120 shares during the quarter. Intech Investment Management LLC’s holdings in Exp World were worth $1,950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPI. Public Employees Retirement System of Ohio boosted its stake in shares of Exp World by 32.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,032 shares in the last quarter. Brooklyn Investment Group lifted its holdings in Exp World by 880.8% in the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company’s stock worth $47,000 after purchasing an additional 4,316 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the period. US Bancorp DE grew its holdings in Exp World by 1,608.8% during the first quarter. US Bancorp DE now owns 11,244 shares of the technology company’s stock valued at $110,000 after purchasing an additional 10,586 shares during the last quarter. Finally, Corton Capital Inc. acquired a new position in Exp World during the second quarter valued at approximately $111,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Trading Up 8.4%

EXPI opened at $11.09 on Friday. The business has a 50 day moving average of $10.76 and a 200-day moving average of $10.01. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -92.41 and a beta of 2.04. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.82.

Exp World (NASDAQ:EXPI) last announced its earnings results on Thursday, November 6th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.24 billion. Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) EPS. Equities analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, November 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Exp World’s payout ratio is presently -166.67%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a report on Wednesday. Zacks Research lowered shares of Exp World from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $12.00.

Insider Buying and Selling

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $10.02, for a total value of $100,200.00. Following the completion of the transaction, the director owned 497,190 shares of the company’s stock, valued at $4,981,843.80. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 30,000 shares of company stock valued at $315,300. Corporate insiders own 27.96% of the company’s stock.

Exp World Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.