Goldman Sachs Group Inc. Buys 109,995 Shares of Exp World Holdings, Inc. $EXPI

Key Points

• Goldman Sachs Group Inc. increased its stake in Exp World Holdings by 21.5%, acquiring an additional 109,995 shares, bringing its total ownership to 622,336 shares worth approximately $6.1 million.
• Other institutional investors also grew their positions in Exp World during Q1, with Brooklyn Investment Group raising its holdings by 880.8%.
• Exp World reported a loss of $0.01 per share for the last quarter, missing expectations, but had revenue of $1.31 billion, slightly above forecasts.

Goldman Sachs Group Inc. raised its position in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 622,336 shares of the technology company's stock after purchasing an additional 109,995 shares during the period. Goldman Sachs Group Inc. owned approximately 0.40% of Exp World worth $6,086,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the business. Valued Retirements Inc. raised its position in shares of Exp World by 2.3% in the first quarter. Valued Retirements Inc. now owns 65,547 shares of the technology company's stock valued at $641,000 after purchasing an additional 1,477 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Exp World by 5.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,522 shares of the technology company's stock valued at $269,000 after acquiring an additional 1,493 shares in the last quarter. Optimize Financial Inc increased its stake in Exp World by 13.1% during the 1st quarter. Optimize Financial Inc now owns 14,561 shares of the technology company's stock valued at $142,000 after purchasing an additional 1,692 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Exp World by 41.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company's stock valued at $62,000 after purchasing an additional 1,856 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Exp World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company's stock worth $476,000 after acquiring an additional 2,042 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.

Exp World Stock Performance

Shares of NASDAQ:EXPI traded down $0.53 on Friday, hitting $11.06. 3,103,215 shares of the company's stock were exchanged, compared to its average volume of 987,644. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.22. The company has a market capitalization of $1.74 billion, a PE ratio of -55.30 and a beta of 2.01. The firm's 50-day moving average is $10.67 and its 200 day moving average is $9.61.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The firm's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. On average, analysts anticipate 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 Friday, August 29th. Investors of record on Friday, August 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Exp World's dividend payout ratio (DPR) is -100.00%.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $12.00 price target on shares of Exp World and gave the stock a "buy" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $12.00.

Insider Buying and Selling at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the sale, the director directly owned 517,190 shares in the company, valued at $5,709,777.60. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 20,000 shares of company stock worth $211,595 in the last three months. 27.96% of the stock is owned by company insiders.

Exp World 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.