PDT Partners LLC Acquires 185,195 Shares of Exp World Holdings, Inc. $EXPI

Key Points

• PDT Partners LLC increased its stake in Exp World Holdings, Inc. (NASDAQ:EXPI) by 350.1%, acquiring an additional 185,195 shares, bringing its total ownership to 238,087 shares valued at $2.33 million.
• Exp World announced a quarterly dividend of $0.05 per share, resulting in an annualized yield of 1.8%, despite having a negative dividend payout ratio of -100%.
• DA Davidson set a target price of $12.00 for Exp World shares and rated the company as a "buy," contributing to a consensus rating of "buy" among analysts.

PDT Partners LLC grew its holdings in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 350.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 238,087 shares of the technology company's stock after purchasing an additional 185,195 shares during the quarter. PDT Partners LLC owned approximately 0.15% of Exp World worth $2,328,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in shares of Exp World in the 1st quarter valued at about $317,000. Royal Bank of Canada boosted its stake in Exp World by 14.0% during the 1st quarter. Royal Bank of Canada now owns 212,604 shares of the technology company's stock worth $2,079,000 after acquiring an additional 26,118 shares during the last quarter. Graham Capital Management L.P. boosted its stake in Exp World by 64.5% during the 1st quarter. Graham Capital Management L.P. now owns 67,253 shares of the technology company's stock worth $658,000 after acquiring an additional 26,381 shares during the last quarter. State of Wyoming boosted its stake in Exp World by 38.4% during the 1st quarter. State of Wyoming now owns 61,608 shares of the technology company's stock worth $603,000 after acquiring an additional 17,091 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in Exp World during the 1st quarter worth approximately $132,000. Institutional investors own 27.17% of the company's stock.

Exp World Trading Up 2.8%

Shares of NASDAQ EXPI traded up $0.31 during midday trading on Friday, reaching $11.22. The company's stock had a trading volume of 1,190,860 shares, compared to its average volume of 911,248. Exp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.39. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -56.10 and a beta of 2.01. The stock has a 50 day simple moving average of $10.35 and a 200-day simple moving average of $9.53.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share. As a group, equities analysts anticipate that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Dividend Announcement

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

Insider Buying and Selling

In other Exp World news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction on Tuesday, June 10th. The shares were 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 of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Insiders have sold 20,000 shares of company stock worth $192,695 over the last three months. Insiders own 27.96% of the company's stock.

Analysts Set New Price Targets

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