Allianz Asset Management GmbH Purchases 116,031 Shares of Exp World Holdings, Inc. (NASDAQ:EXPI)

Allianz Asset Management GmbH boosted its stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 77.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 approximately 0.17% of Exp World worth $2,592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPI. Principal Financial Group Inc. raised its holdings in shares of Exp World by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company's stock valued at $4,122,000 after purchasing an additional 9,619 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Exp World by 14.7% in the 1st 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 during the period. Rossby Financial LCC bought a new position in Exp World in the 1st quarter worth $51,000. CWA Asset Management Group LLC bought a new position in Exp World in the 1st quarter worth $489,000. Finally, Precision Wealth Strategies LLC raised its holdings in Exp World by 26.3% in the 1st 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 during the period. Hedge funds and other institutional investors own 27.17% of the company's stock.

Exp World Stock Down 12.6%

NASDAQ EXPI traded down $1.36 during midday trading on Friday, hitting $9.42. The company had a trading volume of 2,347,720 shares, compared to its average volume of 1,001,899. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -47.10 and a beta of 2.52. The firm has a fifty day simple moving average of $9.50 and a two-hundred day simple moving average of $9.67. Exp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last issued its earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.84%. Exp World's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, equities analysts predict that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Exp World

In other Exp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 39,628,400 shares of the company's stock, valued at approximately $316,630,916. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 537,190 shares of the company's stock, valued at approximately $4,915,288.50. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,000 shares of company stock valued at $710,000. 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.