Vanguard Group Inc. Acquires 136,800 Shares of Exp World Holdings, Inc. $EXPI

Key Points

• Vanguard Group Inc. increased its stake in Exp World Holdings, Inc. to 12,372,635 shares after acquiring an additional 136,800 shares, now representing approximately 8.14% of the company with a value of $121 million.
• DA Davidson set a target price of $12.00 for Exp World and rated the stock as a "buy," with existing consensus among analysts also reflecting a buy rating.
• Exp World recently announced a quarterly dividend of $0.05 per share, signifying a 2.0% yield despite a reported negative earnings per share (EPS) of ($0.01) for the last quarter.

Vanguard Group Inc. grew its stake in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,372,635 shares of the technology company's stock after purchasing an additional 136,800 shares during the quarter. Vanguard Group Inc. owned approximately 8.14% of Exp World worth $121,004,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. BIT Capital GmbH bought a new stake in shares of Exp World during the first quarter worth approximately $353,000. Jefferies Financial Group Inc. bought a new stake in shares of Exp World during the first quarter worth approximately $197,000. US Bancorp DE boosted its holdings 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 acquiring an additional 10,586 shares during the period. Vestcor Inc boosted its holdings in shares of Exp World by 100.1% during the first quarter. Vestcor Inc now owns 21,546 shares of the technology company's stock worth $211,000 after acquiring an additional 10,780 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Exp World during the first quarter worth approximately $574,000. Institutional investors own 27.17% of the company's stock.

Exp World Stock Performance

Shares of EXPI stock traded down $0.13 during trading on Wednesday, hitting $10.77. The company had a trading volume of 796,384 shares, compared to its average volume of 1,118,937. The firm has a market capitalization of $1.69 billion, a P/E ratio of -53.85 and a beta of 2.52. The stock's 50-day moving average price is $10.12 and its 200 day moving average price is $9.56. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39.

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

Exp World Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Randall D. Miles sold 8,700 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.10, for a total value of $87,870.00. Following the completion of the sale, the director directly owned 527,190 shares in the company, valued at approximately $5,324,619. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 20,000 shares of company stock valued at $192,695 in the last three months. 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.