Russell Investments Group Ltd. Sells 67,684 Shares of Exp World Holdings, Inc. $EXPI

Key Points

• Russell Investments Group Ltd. reduced its stake in Exp World Holdings by 32.9%, selling 67,684 shares and now holding 138,339 shares worth approximately $1.35 million.
• The company announced a quarterly dividend of $0.05 per share, with the ex-dividend date set for August 15th, providing an annualized yield of 1.9%.
• Despite positive revenue growth, Exp World missed earnings estimates with a reported EPS of ($0.01), falling short of the consensus estimate of $0.12.

Russell Investments Group Ltd. trimmed its position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,339 shares of the technology company's stock after selling 67,684 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of Exp World worth $1,353,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPI. Wells Fargo & Company MN boosted its position in shares of Exp World by 14.1% during the fourth quarter. Wells Fargo & Company MN now owns 70,820 shares of the technology company's stock worth $815,000 after purchasing an additional 8,749 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Exp World during the fourth quarter worth $1,134,000. Barclays PLC raised its holdings in shares of Exp World by 3.4% during the fourth quarter. Barclays PLC now owns 149,635 shares of the technology company's stock worth $1,722,000 after acquiring an additional 4,877 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Exp World by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 231,807 shares of the technology company's stock worth $2,668,000 after acquiring an additional 2,228 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Exp World by 6.5% during the fourth quarter. MetLife Investment Management LLC now owns 49,857 shares of the technology company's stock worth $574,000 after acquiring an additional 3,047 shares during the period. 27.17% of the stock is owned by institutional investors.

Exp World Stock Performance

Shares of EXPI stock traded down $0.30 during midday trading on Tuesday, hitting $10.53. 816,637 shares of the company were exchanged, compared to its average volume of 915,975. The firm has a market capitalization of $1.66 billion, a P/E ratio of -52.65 and a beta of 2.01. The firm's 50 day moving average price is $10.25 and its two-hundred day moving average price is $9.55. 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 announced 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%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. Analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Exp World's payout ratio is presently -100.00%.

Analyst Ratings Changes

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

Insider Activity at Exp World

In other Exp World news, Director Randall D. Miles sold 8,700 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $10.10, for a total value of $87,870.00. Following the completion of the sale, the director owned 527,190 shares of the company's stock, valued at $5,324,619. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 20,000 shares of company stock worth $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.