American Century Companies Inc. Purchases 73,892 Shares of Exp World Holdings, Inc. $EXPI

Key Points

• American Century Companies Inc. increased its holdings in Exp World Holdings, Inc. by 133.2%, owning 129,380 shares valued at approximately $1.27 million.
• In the latest quarterly earnings report, Exp World Holdings missed analysts' EPS estimates, reporting ($0.01) per share instead of the expected $0.12, despite a 1% year-over-year revenue increase to $1.31 billion.
• The company announced a quarterly dividend of $0.05 per share, translating to a 1.9% dividend yield, although its payout ratio is concerning at -100.00%.

American Century Companies Inc. grew its position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 133.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,380 shares of the technology company's stock after acquiring an additional 73,892 shares during the period. American Century Companies Inc. owned about 0.08% of Exp World worth $1,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXPI. Rossby Financial LCC bought a new stake in Exp World in the first quarter worth $51,000. US Bancorp DE grew its holdings in Exp World by 1,608.8% during the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock valued at $110,000 after buying an additional 10,586 shares in the last quarter. Corton Capital Inc. purchased a new position in Exp World during the 4th quarter valued at approximately $139,000. Precision Wealth Strategies LLC grew its position in Exp World by 26.3% in 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. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Exp World in the fourth quarter valued at $211,000. Hedge funds and other institutional investors own 27.17% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $12.00 price target on Exp World and gave the company a "buy" rating in a research note on Friday, July 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $12.00.

Insider Buying and Selling at Exp World

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 20,000 shares of company stock worth $192,695. 27.96% of the stock is owned by corporate insiders.

Exp World Trading Up 0.8%

Shares of EXPI stock traded up $0.10 during trading hours on Monday, hitting $11.32. 453,679 shares of the company were exchanged, compared to its average volume of 1,142,609. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $15.39. The company has a market capitalization of $1.78 billion, a PE ratio of -56.37 and a beta of 2.01. The business has a 50 day moving average of $10.35 and a two-hundred day moving average of $9.53.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The firm 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 business earned $0.08 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 15th. Exp World's dividend payout ratio (DPR) is -100.00%.

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.