Exp World Holdings, Inc. $EXPI Holdings Boosted by Northern Trust Corp

Key Points

• Northern Trust Corp increased its holdings in Exp World Holdings, Inc. by 2.6%, now owning over 1.18 million shares valued at approximately $11.59 million.
• Exp World reported a quarterly revenue of $1.31 billion, slightly above analyst estimates, but recorded a loss of ($0.01) earnings per share, missing the expected profit of $0.12.
• The firm announced a quarterly dividend of $0.05 per share, resulting in an annual yield of 1.8%, despite a negative dividend payout ratio of -100%.

Northern Trust Corp boosted its stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,184,663 shares of the technology company's stock after purchasing an additional 30,002 shares during the period. Northern Trust Corp owned approximately 0.76% of Exp World worth $11,586,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EXPI. Dimensional Fund Advisors LP increased its holdings in Exp World by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,807 shares of the technology company's stock valued at $2,668,000 after purchasing an additional 2,228 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Exp World by 11.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 79,233 shares of the technology company's stock valued at $912,000 after purchasing an additional 8,102 shares in the last quarter. Cetera Investment Advisers increased its holdings in Exp World by 5.5% in the 4th quarter. Cetera Investment Advisers now owns 53,440 shares of the technology company's stock valued at $615,000 after purchasing an additional 2,784 shares in the last quarter. Corton Capital Inc. acquired a new stake in Exp World in the 4th quarter valued at $139,000. Finally, Deutsche Bank AG increased its holdings in Exp World by 55.2% in the 4th quarter. Deutsche Bank AG now owns 75,630 shares of the technology company's stock valued at $871,000 after purchasing an additional 26,894 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Stock Up 0.9%

Shares of Exp World stock traded up $0.10 during trading hours on Wednesday, hitting $11.18. 895,193 shares of the company's stock traded hands, compared to its average volume of 916,922. The stock has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $9.56. The company has a market cap of $1.76 billion, a PE ratio of -55.90 and a beta of 2.01. Exp World Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its 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). Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders 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 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 8,700 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $10.10, for a total transaction of $87,870.00. Following the transaction, the director owned 527,190 shares of the company's stock, valued at approximately $5,324,619. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 27.96% of the company's stock.

Wall Street Analyst Weigh In

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

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.