564,749 Shares in Exp World Holdings, Inc. $EXPI Purchased by Nuveen LLC

Key Points

• Nuveen LLC invested approximately $5.52 million in Exp World Holdings, purchasing 564,749 shares during the first quarter.
• Exp World reported a decrease in earnings, with an EPS of ($0.01), missing the consensus estimate of $0.12 but achieving revenue of $1.31 billion.
• The company declared a quarterly dividend of $0.05, leading to an annual yield of 1.8%, despite a payout ratio of -100%.

Nuveen LLC bought a new position in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 564,749 shares of the technology company's stock, valued at approximately $5,523,000. Nuveen LLC owned about 0.37% of Exp World at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EXPI. Wells Fargo & Company MN increased its position in Exp World by 14.1% in the fourth quarter. Wells Fargo & Company MN now owns 70,820 shares of the technology company's stock worth $815,000 after buying an additional 8,749 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Exp World in the fourth quarter worth $1,134,000. Barclays PLC increased its position in Exp World by 3.4% in the fourth quarter. Barclays PLC now owns 149,635 shares of the technology company's stock worth $1,722,000 after buying an additional 4,877 shares during the last quarter. Jump Financial LLC purchased a new stake in Exp World in the fourth quarter worth $230,000. Finally, Dimensional Fund Advisors LP increased its position in Exp World by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,807 shares of the technology company's stock worth $2,668,000 after buying an additional 2,228 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction dated 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 directly owned 537,190 shares in the company, valued at $4,915,288.50. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 20,000 shares of company stock worth $192,695 in the last three months. 27.96% of the stock is owned by insiders.

Exp World Trading Up 1.0%

Shares of NASDAQ EXPI traded up $0.11 during mid-day trading on Friday, hitting $10.83. The company had a trading volume of 744,714 shares, compared to its average volume of 979,604. 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 Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39. The stock's 50-day moving average price is $10.19 and its 200-day moving average price is $9.54.

Exp World (NASDAQ:EXPI - Get Free Report) last announced 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 net margin of 0.68% and a negative return on equity of 4.79%. Exp World's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, equities research analysts forecast that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

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

Analysts Set New Price Targets

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

Exp World Company 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.