Charles Schwab Investment Management Inc. Boosts Stake in Exp World Holdings, Inc. $EXPI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Exp World Holdings, Inc. by 16.2% in Q1, now owning a total of 1,639,766 shares valued at approximately $16 million.
• DA Davidson set a $12.00 price target for Exp World, maintaining a "buy" rating, while the stock is currently trading around $11.01 with a market cap of $1.73 billion.
• Exp World recently declared a quarterly dividend of $0.05 per share, reflecting an annualized yield of 1.8%, despite a negative earnings per share of ($0.01) reported for the last quarter.

Charles Schwab Investment Management Inc. boosted its position in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 16.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,639,766 shares of the technology company's stock after purchasing an additional 228,103 shares during the period. Charles Schwab Investment Management Inc. owned 1.08% of Exp World worth $16,037,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Exp World by 1.1% during the first quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company's stock worth $121,004,000 after acquiring an additional 136,800 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Exp World by 77.9% in the first quarter. Allianz Asset Management GmbH now owns 265,027 shares of the technology company's stock worth $2,592,000 after purchasing an additional 116,031 shares in the last quarter. Raymond James Financial Inc. bought a new position in Exp World in the 4th quarter valued at $1,134,000. Northern Trust Corp grew its holdings in shares of Exp World by 8.2% during the fourth quarter. Northern Trust Corp now owns 1,154,661 shares of the technology company's stock worth $13,290,000 after purchasing an additional 87,966 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Exp World during the 4th quarter worth $809,000. Institutional investors own 27.17% of the company's stock.

Exp World Trading Up 0.6%

NASDAQ EXPI traded up $0.07 during trading hours on Monday, reaching $11.08. 1,163,371 shares of the company's stock traded hands, compared to its average volume of 1,035,032. Exp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.39. The firm has a 50-day simple moving average of $10.04 and a 200 day simple moving average of $9.54.

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). The company had revenue of $1.31 billion for 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 in the previous year, the firm posted $0.08 EPS. As a group, sell-side analysts expect that Exp World Holdings, Inc. will post 0.48 EPS 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. Stockholders of record on Friday, August 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, August 15th. Exp World's dividend payout ratio is -100.00%.

Insider Transactions at Exp World

In other Exp World news, Director Randall D. Miles sold 8,700 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $10.10, for a total transaction of $87,870.00. Following the completion of the sale, the director directly owned 527,190 shares of the company's stock, valued at approximately $5,324,619. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 20,000 shares of company stock worth $192,695 in the last three months. Insiders own 27.96% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 price target on Exp World and gave the stock a "buy" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $12.00.

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.