Nuveen LLC Invests $5.52 Million in Exp World Holdings, Inc. $EXPI

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

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

Wall Street Analysts Forecast Growth

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

Exp World Stock Performance

NASDAQ EXPI traded down $0.05 during trading on Thursday, reaching $10.72. 804,892 shares of the company traded hands, compared to its average volume of 1,100,567. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -53.60 and a beta of 2.52. The stock's 50 day moving average price is $10.15 and its two-hundred day moving average price is $9.56.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its earnings results 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 the consensus estimate of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.Exp World's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS. Equities research analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Exp World's dividend payout ratio is presently -100.00%.

Insider Activity

In related 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 completion of the sale, the director owned 527,190 shares in the company, valued at $5,324,619. This trade represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 20,000 shares of company stock worth $192,695. Company insiders own 27.96% of the company's stock.

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.