Invesco Ltd. Purchases 100,808 Shares of Exp World Holdings, Inc. $EXPI

Key Points

• Invesco Ltd. increased its holdings in Exp World Holdings, Inc. (NASDAQ:EXPI) by 15.4% during Q1, owning approximately $7.4 million worth of shares after acquiring an additional 100,808 shares.
• Exp World announced a quarterly dividend of $0.05 per share, with a dividend yield of 1.8%, payable on August 29th.
• Analysts from DA Davidson set a target price of $12.00 for Exp World, with the stock currently rated as a "Buy."

Invesco Ltd. boosted its position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 15.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 756,325 shares of the technology company's stock after purchasing an additional 100,808 shares during the quarter. Invesco Ltd. owned about 0.50% of Exp World worth $7,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPI. Charles Schwab Investment Management Inc. raised its holdings in Exp World by 16.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,639,766 shares of the technology company's stock worth $16,037,000 after purchasing an additional 228,103 shares during the last quarter. Vanguard Group Inc. raised its holdings in Exp World by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company's stock worth $121,004,000 after purchasing an additional 136,800 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Exp World by 77.9% during the 1st quarter. Allianz Asset Management GmbH now owns 265,027 shares of the technology company's stock worth $2,592,000 after purchasing an additional 116,031 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Exp World during the 4th quarter worth about $1,134,000. Finally, Northern Trust Corp raised its holdings in Exp World by 8.2% during 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 during the last quarter. 27.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total transaction of $91,500.00. Following the completion of the transaction, the director owned 537,190 shares of the company's stock, valued at $4,915,288.50. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 20,000 shares of company stock worth $192,695. Corporate insiders own 27.96% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson set a $12.00 price target 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.com, Exp World currently has a consensus rating of "Buy" and a consensus price target of $12.00.

Exp World Stock Performance

NASDAQ EXPI traded up $0.11 during trading hours on Friday, reaching $10.83. 744,714 shares of the company's stock were exchanged, compared to its average volume of 979,604. The company's 50-day moving average is $10.19 and its two-hundred day moving average is $9.54. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -54.15 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business 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 company posted $0.08 earnings per share. Exp World's revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts predict that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. Exp World's dividend payout ratio is -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.