Jacobs Levy Equity Management Inc. Buys 334,347 Shares of Exp World Holdings, Inc. $EXPI

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 shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 941.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,855 shares of the technology company's stock after purchasing an additional 334,347 shares during the period. 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.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Exp World by 1.1% in the 1st 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Exp World by 16.2% in the 1st 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 last quarter. Northern Trust Corp lifted its stake in shares of Exp World by 2.6% in the 1st 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 last quarter. Invesco Ltd. lifted its stake in shares of Exp World by 15.4% in the 1st 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 last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Exp World by 1.1% in the 4th quarter. Nuveen Asset Management LLC now owns 573,245 shares of the technology company's stock valued at $6,598,000 after acquiring an additional 6,428 shares during the last quarter. Institutional investors own 27.17% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $12.00 target price on Exp World and gave the company a "buy" rating in a research note on Friday, July 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $12.00.

Insider Buying and Selling at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $11.04, for a total value of $110,400.00. Following the sale, the director owned 517,190 shares in the company, valued at $5,709,777.60. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 20,000 shares of company stock valued at $211,595. Corporate insiders own 27.96% of the company's stock.

Exp World Trading Up 0.9%

Shares of EXPI stock traded up $0.11 during midday trading on Monday, reaching $11.26. 162,960 shares of the stock were exchanged, compared to its average volume of 1,133,002. The firm has a market cap of $1.77 billion, a PE ratio of -56.24 and a beta of 2.01. The company's 50 day moving average is $10.53 and its two-hundred day moving average is $9.56. 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 results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. As a group, equities analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Dividend Announcement

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

About Exp World

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.