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

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Exp World by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company's stock worth $121,004,000 after purchasing an additional 136,800 shares in the last quarter. BIT Capital GmbH acquired a new position in Exp World during the 1st quarter worth approximately $353,000. Jefferies Financial Group Inc. acquired a new position in Exp World during the 1st quarter worth approximately $197,000. US Bancorp DE increased its position in Exp World by 1,608.8% in the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock valued at $110,000 after acquiring an additional 10,586 shares during the period. Finally, Vestcor Inc increased its position in Exp World by 100.1% in the 1st quarter. Vestcor Inc now owns 21,546 shares of the technology company's stock valued at $211,000 after acquiring an additional 10,780 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Stock Down 0.5%

NASDAQ EXPI traded down $0.05 during trading hours on Thursday, reaching $10.72. 804,892 shares of the company were exchanged, compared to its average volume of 1,100,567. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39. The business's 50 day simple moving average is $10.15 and its 200-day simple moving average is $9.56. The stock has a market capitalization of $1.69 billion, a P/E ratio of -53.60 and a beta of 2.52.

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 analysts' consensus estimates of $0.12 by ($0.13). The business had revenue of $1.31 billion for 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 for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, sell-side analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, August 15th. This represents a $0.20 annualized dividend and a yield of 1.9%. Exp World's payout ratio is presently -100.00%.

Insider Transactions at Exp World

In other Exp World news, Director Randall D. Miles sold 8,700 shares of Exp World 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 transaction, the director directly owned 527,190 shares of the company's stock, valued at approximately $5,324,619. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.

Wall Street Analysts Forecast Growth

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

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.