Envestnet Asset Management Inc. Sells 25,088 Shares of Exp World Holdings, Inc. (NASDAQ:EXPI)

Key Points

• Envestnet Asset Management Inc. reduced its stake in Exp World Holdings, Inc. by 5.9%, now owning approximately 0.27% of the company, valued at $3.95 million after selling 25,088 shares.
• In recent activity, CEO Glenn Darrel Sanford sold 25,000 shares, while other insiders collectively sold 105,000 shares worth $886,000 in the last 90 days, indicating a trend of selling among company insiders.
• DA Davidson gave Exp World a "buy" rating with a target price of $12.00, signifying potential growth as the company reported a 1.3% revenue increase compared to the previous year despite missing earnings expectations.

Envestnet Asset Management Inc. trimmed its position in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 5.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 403,324 shares of the technology company's stock after selling 25,088 shares during the period. Envestnet Asset Management Inc. owned about 0.27% of Exp World worth $3,945,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EXPI. Vanguard Group Inc. boosted its holdings in Exp World by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company's stock worth $140,834,000 after buying an additional 208,920 shares during the period. JPMorgan Chase & Co. lifted its stake in Exp World by 39.7% in the 4th quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock worth $8,369,000 after purchasing an additional 206,677 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Exp World in the 4th quarter worth approximately $1,954,000. Raymond James Financial Inc. purchased a new stake in Exp World in the 4th quarter worth approximately $1,134,000. Finally, Northern Trust Corp lifted its stake in Exp World by 8.2% in the 4th 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. 27.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $12.00 target price on shares of Exp World and gave the stock a "buy" rating in a research note on Friday, July 11th.

Insider Buying and Selling at Exp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $7.99, for a total transaction of $199,750.00. Following the sale, the chief executive officer owned 39,628,400 shares in the company, valued at approximately $316,630,916. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Randall D. Miles sold 10,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total transaction of $91,500.00. Following the sale, the director owned 537,190 shares in the company, valued at approximately $4,915,288.50. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,000 shares of company stock worth $886,000. Corporate insiders own 27.96% of the company's stock.

Exp World Price Performance

Shares of EXPI opened at $11.14 on Friday. The firm's 50 day simple moving average is $9.21 and its 200 day simple moving average is $9.68. The company has a market capitalization of $1.74 billion, a P/E ratio of -101.27 and a beta of 2.52. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). The company had revenue of $954.91 million for the quarter, compared to analysts' expectations of $994.83 million. Exp World had a negative net margin of 0.36% and a positive return on equity of 1.85%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. On average, equities analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, May 19th. Exp World's dividend payout ratio (DPR) is currently -181.82%.

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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