Exp World Holdings, Inc. $EXPI Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Exp World Holdings by 39.3% during Q2, owning 369,177 shares valued at $3.36 million as of its last SEC filing.
• Institutional investors currently hold 27.17% of Exp World stock, with notable increases in holdings from firms like Vanguard and Charles Schwab in the first quarter.
• Wall Street analysts have mixed sentiments on Exp World, with an average rating of “Hold” and a price target of $12.00, despite a recent upgrade from Zacks Research.

Allianz Asset Management GmbH raised its stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 39.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,177 shares of the technology company's stock after acquiring an additional 104,150 shares during the period. Allianz Asset Management GmbH owned 0.24% of Exp World worth $3,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Exp World by 1.1% in the first quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company's stock valued at $121,004,000 after acquiring an additional 136,800 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Exp World by 16.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,639,766 shares of the technology company's stock valued at $16,037,000 after acquiring an additional 228,103 shares during the period. Northern Trust Corp boosted its stake in Exp World by 2.6% in the first quarter. Northern Trust Corp now owns 1,184,663 shares of the technology company's stock valued at $11,586,000 after acquiring an additional 30,002 shares during the period. Millennium Management LLC boosted its stake in Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company's stock valued at $8,856,000 after acquiring an additional 506,121 shares during the period. Finally, Invesco Ltd. boosted its stake in Exp World by 15.4% in the first quarter. Invesco Ltd. now owns 756,325 shares of the technology company's stock valued at $7,397,000 after acquiring an additional 100,808 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings restated a "sell (d)" rating on shares of Exp World in a research note on Wednesday, October 8th. DA Davidson set a $12.00 price objective on Exp World and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Zacks Research upgraded Exp World from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.00.

Insider Buying and Selling

In related news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total transaction of $104,700.00. Following the sale, the director owned 507,190 shares of the company's stock, valued at $5,310,279.30. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 30,000 shares of company stock worth $316,295 over the last quarter. 27.96% of the stock is owned by insiders.

Exp World Price Performance

Shares of NASDAQ:EXPI opened at $11.07 on Friday. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.22. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -55.35 and a beta of 2.00. The stock's 50 day moving average price is $10.86 and its 200 day moving average price is $9.78.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $0.08 EPS. Exp World's revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

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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