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 bought a new position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 36,144 shares of the technology company's stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPI. American Century Companies Inc. lifted its holdings in Exp World by 11.2% in the fourth quarter. American Century Companies Inc. now owns 55,488 shares of the technology company's stock valued at $639,000 after acquiring an additional 5,588 shares during the period. Sei Investments Co. lifted its holdings in Exp World by 3.8% in the fourth quarter. Sei Investments Co. now owns 127,515 shares of the technology company's stock valued at $1,468,000 after acquiring an additional 4,661 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Exp World in the fourth quarter valued at approximately $161,000. LPL Financial LLC lifted its holdings in Exp World by 6.4% in the fourth quarter. LPL Financial LLC now owns 52,075 shares of the technology company's stock valued at $599,000 after acquiring an additional 3,149 shares during the period. Finally, Vanguard Group Inc. lifted its holdings 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 period. Institutional investors and hedge funds own 27.17% of the company's stock.

Exp World Stock Up 1.8%

Shares of Exp World stock traded up $0.19 on Tuesday, reaching $10.29. The company's stock had a trading volume of 240,147 shares, compared to its average volume of 1,168,438. The company has a market capitalization of $1.61 billion, a P/E ratio of -51.41 and a beta of 2.52. Exp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.39. The stock has a 50-day moving average price of $9.55 and a 200-day moving average price of $9.64.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. Sell-side analysts forecast that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid 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 yield of 1.9%. Exp World's dividend payout ratio is presently -100.00%.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the 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 transaction, the chief executive officer owned 39,628,400 shares of the company's stock, valued at approximately $316,630,916. This represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director directly owned 537,190 shares in the company, 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. In the last three months, insiders have sold 60,000 shares of company stock worth $486,500. 27.96% of the stock is owned by corporate 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.