Allianz Asset Management GmbH Raises Stock Holdings in Exp World Holdings, Inc. (NASDAQ:EXPI)

Allianz Asset Management GmbH raised its stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 77.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 265,027 shares of the technology company's stock after buying an additional 116,031 shares during the quarter. Allianz Asset Management GmbH owned about 0.17% of Exp World worth $2,592,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Exp World by 2.3% during the first quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company's stock worth $4,122,000 after acquiring an additional 9,619 shares in the last quarter. Teacher Retirement System of Texas raised its position in Exp World by 14.7% during the first quarter. Teacher Retirement System of Texas now owns 50,538 shares of the technology company's stock worth $494,000 after acquiring an additional 6,495 shares in the last quarter. Rossby Financial LCC bought a new stake in Exp World during the first quarter worth $51,000. CWA Asset Management Group LLC bought a new stake in Exp World during the first quarter worth $489,000. Finally, Precision Wealth Strategies LLC raised its position in Exp World by 26.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock worth $135,000 after acquiring an additional 2,867 shares in the last quarter. Institutional investors own 27.17% of the company's stock.

Insider Buying and Selling at Exp World

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of Exp World stock in a transaction on Monday, May 19th. The shares were sold at an average price of $7.99, for a total value of $199,750.00. Following the completion of the sale, the chief executive officer owned 39,628,400 shares of the company's stock, valued at approximately $316,630,916. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Randall D. Miles sold 10,000 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total transaction of $91,500.00. Following the completion of the sale, the director owned 537,190 shares of the company's stock, valued at approximately $4,915,288.50. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,000 shares of company stock valued at $710,000 in the last quarter. 27.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 price objective on shares of Exp World and gave the company a "buy" rating in a report on Friday, July 11th.

Exp World Price Performance

EXPI traded down $1.36 on Friday, hitting $9.42. 2,347,720 shares of the stock were exchanged, compared to its average volume of 1,174,344. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.39. The business has a 50-day moving average of $9.47 and a two-hundred day moving average of $9.68. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -85.64 and a beta of 2.52.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its earnings results on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). Exp World had a positive return on equity of 1.85% and a negative net margin of 0.36%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company posted $0.08 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. Equities research analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.05 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Exp World's payout ratio is currently -181.82%.

About Exp World

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.