BIT Capital GmbH Purchases Shares of 36,144 Exp World Holdings, Inc. (NASDAQ:EXPI)

Key Points

• BIT Capital GmbH acquired a new stake of 36,144 shares in Exp World Holdings, Inc., valued at approximately $353,000, in the first quarter.
• Exp World reported a net margin of -0.68% and a quarterly earnings miss with ($0.01) EPS, falling short of analysts' estimates of $0.12.
• The company announced a quarterly dividend of $0.05, emphasizing a dividend yield of 2.1% despite a negative payout ratio of -181.82%.

BIT Capital GmbH acquired a new position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,144 shares of the technology company's stock, valued at approximately $353,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Exp World by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company's stock valued at $140,834,000 after acquiring an additional 208,920 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Exp World by 39.7% during the fourth quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock valued at $8,369,000 after purchasing an additional 206,677 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Exp World in the 4th quarter worth about $1,954,000. Allianz Asset Management GmbH raised its holdings in shares of Exp World by 77.9% in the 1st quarter. Allianz Asset Management GmbH now owns 265,027 shares of the technology company's stock worth $2,592,000 after acquiring an additional 116,031 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Exp World in the 4th quarter worth about $1,134,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Exp World Stock Performance

NASDAQ:EXPI traded down $0.18 during trading hours on Thursday, reaching $10.10. The company's stock had a trading volume of 281,763 shares, compared to its average volume of 1,168,370. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -50.56 and a beta of 2.52. The firm has a 50-day simple moving average of $9.60 and a 200-day simple moving average of $9.64. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%. Exp World's revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Equities analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. Exp World's dividend payout ratio (DPR) is -100.00%.

Insider Buying and Selling at Exp World

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the sale, the director owned 537,190 shares in the company, valued at $4,915,288.50. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $7.99, for a total transaction of $199,750.00. Following the completion of the sale, the chief executive officer owned 39,628,400 shares in the company, valued at approximately $316,630,916. This trade represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $486,500 over the last ninety days. 27.96% of the stock is currently owned by insiders.

Exp World Company 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.