Exp World Holdings, Inc. $EXPI Shares Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its position in Exp World Holdings, owning 369,855 shares after acquiring 334,347 shares, representing a 941.6% lift in the first quarter.
• Exp World reported quarterly revenue of $1.31 billion, slightly above analysts' expectations, but posted a loss of ($0.01) EPS, missing estimates by ($0.13).
• The company declared a quarterly dividend of $0.05 per share, resulting in an annualized yield of 1.8%, amid a dividend payout ratio of -100.00%.

Jacobs Levy Equity Management Inc. grew its position in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 941.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,855 shares of the technology company's stock after acquiring an additional 334,347 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.24% of Exp World worth $3,617,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group increased its position in Exp World by 880.8% during the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock valued at $47,000 after purchasing an additional 4,316 shares during the period. Rossby Financial LCC purchased a new position in Exp World during the 1st quarter worth approximately $51,000. US Bancorp DE increased its holdings in shares of Exp World by 1,608.8% during the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock valued at $110,000 after purchasing an additional 10,586 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Exp World in the 1st quarter worth $132,000. Finally, Precision Wealth Strategies LLC increased its holdings in Exp World by 26.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock worth $135,000 after acquiring an additional 2,867 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company's stock.

Exp World Trading Down 1.8%

NASDAQ EXPI traded down $0.21 during trading hours on Friday, reaching $11.15. The company had a trading volume of 650,533 shares, compared to its average volume of 931,277. The stock has a 50-day moving average of $10.53 and a 200 day moving average of $9.57. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39. The stock has a market capitalization of $1.75 billion, a P/E ratio of -55.75 and a beta of 2.01.

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

Exp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Exp World's dividend payout ratio (DPR) is presently -100.00%.

Insider Activity at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $11.04, for a total value of $110,400.00. Following the completion of the transaction, the director owned 517,190 shares of the company's stock, valued at approximately $5,709,777.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 20,000 shares of company stock valued at $211,595 over the last ninety days. Company insiders own 27.96% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson set a $12.00 price objective on shares of Exp World and gave the company a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Exp World presently has a consensus rating of "Buy" and a consensus price target of $12.00.

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.