Vident Advisory LLC Decreases Stock Position in Exp World Holdings, Inc. $EXPI

Key Points

• Vident Advisory LLC reduced its stake in Exp World Holdings, Inc. by 57.6%, owning 38,272 shares valued at $374,000 after selling 52,079 shares in the first quarter.
• Exp World Holdings reported a net loss of $0.01 per share for the last quarter, missing analysts' expectations of $0.12, despite revenues of $1.31 billion.
• The company recently announced a quarterly dividend of $0.05 per share, reflecting an annualized yield of 1.8% and a dividend payout ratio of -100.00%.

Vident Advisory LLC lowered its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 57.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,272 shares of the technology company's stock after selling 52,079 shares during the quarter. Vident Advisory LLC's holdings in Exp World were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position 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 last quarter. Northern Trust Corp grew its position in shares of Exp World by 8.2% during the fourth quarter. Northern Trust Corp now owns 1,154,661 shares of the technology company's stock worth $13,290,000 after acquiring an additional 87,966 shares during the last quarter. Cetera Investment Advisers grew its position in Exp World by 5.5% in the 4th quarter. Cetera Investment Advisers now owns 53,440 shares of the technology company's stock valued at $615,000 after buying an additional 2,784 shares during the last quarter. Deutsche Bank AG grew its position in Exp World by 55.2% in the 4th quarter. Deutsche Bank AG now owns 75,630 shares of the technology company's stock valued at $871,000 after buying an additional 26,894 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in Exp World in the 4th quarter valued at $809,000. Institutional investors and hedge funds own 27.17% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $12.00 price objective 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 data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $12.00.

Insider Activity at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the transaction, the director owned 517,190 shares of the company's stock, valued at $5,709,777.60. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 20,000 shares of company stock worth $211,595. Corporate insiders own 27.96% of the company's stock.

Exp World Price Performance

Shares of NASDAQ EXPI traded down $0.06 during trading on Friday, hitting $11.30. 308,981 shares of the company were exchanged, compared to its average volume of 1,136,654. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -56.47 and a beta of 2.01. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39. The firm's fifty day moving average price is $10.50 and its 200 day moving average price is $9.57.

Exp World (NASDAQ:EXPI - Get Free Report) last issued 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). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Exp World's revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts forecast that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

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

About Exp World

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.