Quantbot Technologies LP Raises Holdings in Exp World Holdings, Inc. $EXPI

Key Points

• Quantbot Technologies LP significantly increased its holdings in Exp World Holdings by 422.8% during Q1, owning 158,486 shares worth approximately $1.55 million at the end of the period.
• Exp World Holdings reported a quarterly loss of ($0.01) EPS, missing analysts' expectations, despite revenue of $1.31 billion, which slightly exceeded predictions.
• The company declared a quarterly dividend of $0.05 per share, with a yield of 1.8%, to be paid on August 29th to investors recorded by August 15th.

Quantbot Technologies LP grew its position in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 422.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,486 shares of the technology company's stock after purchasing an additional 128,171 shares during the quarter. Quantbot Technologies LP owned about 0.10% of Exp World worth $1,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group grew its holdings in Exp World by 880.8% in the first quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock worth $47,000 after purchasing an additional 4,316 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of Exp World during the first quarter worth $51,000. US Bancorp DE lifted its stake in shares of Exp World by 1,608.8% during the first quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock worth $110,000 after buying an additional 10,586 shares during the period. Corton Capital Inc. acquired a new stake in shares of Exp World during the fourth quarter worth $139,000. Finally, Precision Wealth Strategies LLC lifted its position in Exp World by 26.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock valued at $135,000 after purchasing an additional 2,867 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

Exp World Stock Up 8.8%

EXPI stock opened at $11.01 on Friday. The stock has a market capitalization of $1.73 billion, a P/E ratio of -55.05 and a beta of 2.52. The firm has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $9.56. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last released its earnings results on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. On average, analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $12.00 target price on shares of Exp World and gave the company 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.com, Exp World has a consensus rating of "Buy" and an average target price of $12.00.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 20,000 shares of company stock valued at $192,695. Insiders own 27.96% of the company's stock.

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.

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