CWA Asset Management Group LLC Makes New $489,000 Investment in Exp World Holdings, Inc. (NASDAQ:EXPI)

CWA Asset Management Group LLC acquired a new stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,047 shares of the technology company's stock, valued at approximately $489,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased 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 buying an additional 208,920 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Exp World by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock valued at $8,369,000 after buying an additional 206,677 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Exp World in the fourth quarter valued at about $1,954,000. Charles Schwab Investment Management Inc. increased its holdings in Exp World by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,411,663 shares of the technology company's stock valued at $16,248,000 after buying an additional 123,314 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Exp World by 150.7% in the fourth quarter. Intech Investment Management LLC now owns 171,872 shares of the technology company's stock valued at $1,978,000 after buying an additional 103,320 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.

Analyst Ratings Changes

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

Exp World Stock Up 0.9%

Shares of EXPI traded up $0.08 during mid-day trading on Friday, reaching $9.00. 2,788,394 shares of the company's stock were exchanged, compared to its average volume of 1,086,059. The company has a 50-day simple moving average of $8.54 and a two-hundred day simple moving average of $10.05. Exp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.39. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -81.82 and a beta of 2.56.

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 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 business had revenue of $954.91 million for the quarter, compared to analysts' expectations of $994.83 million. During the same period last year, the business earned ($0.02) earnings per share. The company's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research 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 announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th were paid a $0.05 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.20 annualized dividend and a yield of 2.22%. Exp World's payout ratio is currently -181.82%.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the completion of the sale, the director now directly owns 537,190 shares of the company's stock, valued at approximately $4,915,288.50. The trade was a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn Darrel Sanford sold 25,000 shares of Exp World stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $7.81, for a total transaction of $195,250.00. Following the completion of the sale, the chief executive officer now directly owns 39,653,400 shares of the company's stock, valued at $309,693,054. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 210,000 shares of company stock valued at $1,885,850. Company insiders own 27.96% of the company's stock.

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.