Invesco Ltd. Has $7.40 Million Stake in 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. increased its stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 15.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 756,325 shares of the technology company's stock after purchasing an additional 100,808 shares during the period. Invesco Ltd. owned 0.50% of Exp World worth $7,397,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EXPI. Rossby Financial LCC bought a new position in Exp World in the 1st quarter worth approximately $51,000. US Bancorp DE raised its position in Exp World by 1,608.8% in the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock worth $110,000 after purchasing an additional 10,586 shares during the last quarter. Precision Wealth Strategies LLC raised its position 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 purchasing an additional 2,867 shares during the last quarter. Corton Capital Inc. bought a new position in Exp World in the 4th quarter worth approximately $139,000. Finally, Jefferies Financial Group Inc. bought a new position in Exp World in the 1st quarter worth approximately $197,000. Institutional investors own 27.17% of the company's stock.

Insider Transactions at Exp World

In other Exp World news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the sale, the director owned 537,190 shares of the company's stock, valued at $4,915,288.50. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 20,000 shares of company stock worth $192,695. 27.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Exp World Stock Down 0.5%

Shares of EXPI traded down $0.05 during trading hours on Thursday, reaching $10.72. The stock had a trading volume of 804,892 shares, compared to its average volume of 1,100,567. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $15.39. The firm has a 50-day moving average of $10.15 and a 200 day moving average of $9.56. The company has a market cap of $1.69 billion, a P/E ratio of -53.60 and a beta of 2.52.

Exp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company earned $0.08 EPS. Exp World's quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.05 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. Exp World's dividend payout ratio is currently -100.00%.

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.