Copeland Capital Management LLC Lowers Position in Exp World Holdings, Inc. (NASDAQ:EXPI)

Copeland Capital Management LLC reduced its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 18.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,208,566 shares of the technology company's stock after selling 708,373 shares during the quarter. Copeland Capital Management LLC owned approximately 2.11% of Exp World worth $31,380,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Exp World in the 4th quarter valued at about $32,000. Graney & King LLC purchased a new stake in shares of Exp World in the fourth quarter valued at approximately $58,000. Sims Investment Management LLC bought a new position in Exp World in the fourth quarter worth approximately $121,000. Plato Investment Management Ltd grew its stake in Exp World by 16,347.0% in the fourth quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company's stock worth $125,000 after purchasing an additional 10,789 shares in the last quarter. Finally, Precision Wealth Strategies LLC increased its holdings in Exp World by 26.3% during the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock worth $135,000 after purchasing an additional 2,867 shares during the period. 27.17% of the stock is currently owned by institutional investors.

Exp World Stock Performance

Exp World stock traded up $0.40 during mid-day trading on Tuesday, reaching $9.50. 1,532,035 shares of the company were exchanged, compared to its average volume of 1,086,348. The firm has a market cap of $1.48 billion, a P/E ratio of -86.36 and a beta of 2.57. The business has a fifty day moving average of $8.57 and a 200 day moving average of $9.87. Exp World Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). Exp World had a positive return on equity of 1.85% and a negative net margin of 0.36%. The firm had revenue of $954.91 million during the quarter, compared to analysts' expectations of $994.83 million. During the same period in the previous year, the firm earned ($0.02) EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Monday, May 19th. Exp World's payout ratio is presently -181.82%.

Insider Buying and Selling at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total transaction of $91,500.00. Following the transaction, the director directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $7.99, for a total value of $199,750.00. Following the completion of the sale, the chief executive officer directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 165,000 shares of company stock valued at $1,430,600. Company insiders own 27.96% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson raised shares of Exp World from a "neutral" rating to a "buy" rating and set a $10.75 target price on the stock in a research report on Thursday, May 29th.

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.