Quantbot Technologies LP Raises Stock Position 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 holdings in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 422.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,486 shares of the technology company's stock after purchasing an additional 128,171 shares during the quarter. Quantbot Technologies LP owned approximately 0.10% of Exp World worth $1,550,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its position 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 last quarter. Invesco Ltd. lifted its position in Exp World by 8.5% during the fourth quarter. Invesco Ltd. now owns 655,517 shares of the technology company's stock valued at $7,545,000 after acquiring an additional 51,605 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Exp World during the fourth quarter valued at approximately $1,134,000. Barclays PLC lifted its position 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 last quarter. Finally, Jump Financial LLC purchased a new stake in Exp World during the fourth quarter valued at approximately $230,000. Institutional investors own 27.17% of the company's stock.

Exp World Trading Down 2.0%

Shares of NASDAQ EXPI traded down $0.22 during midday trading on Thursday, reaching $10.56. The company had a trading volume of 175,869 shares, compared to its average volume of 1,149,226. The business's 50-day simple moving average is $10.12 and its 200 day simple moving average is $9.56. The stock has a market cap of $1.66 billion, a P/E ratio of -52.66 and a beta of 2.52. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.31 billion during 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 company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. Analysts predict 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 will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 15th. Exp World's dividend payout ratio (DPR) is -100.00%.

Insider Activity

In related news, Director Randall D. Miles sold 10,000 shares of the firm's 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 owned 537,190 shares of the company's stock, valued at $4,915,288.50. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 20,000 shares of company stock worth $192,695 over the last three months. Company insiders own 27.96% of the company's stock.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus 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.