Copeland Capital Management LLC Sells 3,202,245 Shares of Exp World Holdings, Inc. $EXPI

Key Points

• Copeland Capital Management LLC sold 3,202,245 shares of Exp World Holdings, significantly reducing its stake by 99.8%, leaving them with only 6,321 shares valued at $58,000.
• Several institutional investors have increased their stakes in Exp World, with the Public Employees Retirement System of Ohio raising its position by 32.7% during the second quarter.
• Exp World has received mixed ratings from analysts, with Zacks upgrading it from a "strong sell" to a "hold" while DA Davidson set a price target of $12.00 and a "buy" rating.

Copeland Capital Management LLC lessened its position in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 99.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,321 shares of the technology company's stock after selling 3,202,245 shares during the quarter. Copeland Capital Management LLC's holdings in Exp World were worth $58,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPI. Public Employees Retirement System of Ohio raised its position in Exp World by 32.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company's stock valued at $38,000 after buying an additional 1,032 shares during the last quarter. Brooklyn Investment Group raised its position in Exp World by 880.8% in the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock valued at $47,000 after buying an additional 4,316 shares during the last quarter. Rossby Financial LCC acquired a new stake in Exp World in the 1st quarter valued at approximately $51,000. Geneos Wealth Management Inc. raised its position in Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company's stock valued at $62,000 after buying an additional 1,856 shares during the last quarter. Finally, US Bancorp DE raised 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 buying an additional 10,586 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Exp World in a research report on Saturday, September 27th. Zacks Research raised Exp World from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, DA Davidson set a $12.00 price target on Exp World and gave the stock a "buy" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.00.

Insider Transactions at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total value of $104,700.00. Following the completion of the sale, the director directly owned 507,190 shares in the company, valued at $5,310,279.30. The trade was a 1.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 30,000 shares of company stock valued at $316,295. Insiders own 27.96% of the company's stock.

Exp World Trading Up 0.9%

EXPI stock opened at $10.74 on Friday. The firm has a market capitalization of $1.69 billion, a PE ratio of -53.70 and a beta of 2.00. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.22. The business's 50 day simple moving average is $10.73 and its 200 day simple moving average is $9.69.

Exp World (NASDAQ:EXPI - Get Free Report) last posted 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 analyst estimates of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The firm's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, sell-side analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.05 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.20 annualized dividend and a yield of 1.9%. Exp World's payout ratio is -100.00%.

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.

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