Vident Advisory LLC Has $374,000 Stake 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 cut its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 57.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Valued Retirements Inc. increased its holdings in Exp World by 2.3% during the 1st quarter. Valued Retirements Inc. now owns 65,547 shares of the technology company's stock worth $641,000 after purchasing an additional 1,477 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Exp World by 5.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,522 shares of the technology company's stock valued at $269,000 after acquiring an additional 1,493 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Exp World by 5.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,635 shares of the technology company's stock valued at $537,000 after acquiring an additional 2,202 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exp World by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,807 shares of the technology company's stock valued at $2,668,000 after acquiring an additional 2,228 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its holdings in shares of Exp World by 10.1% in the 4th quarter. Snowden Capital Advisors LLC now owns 25,976 shares of the technology company's stock valued at $299,000 after acquiring an additional 2,381 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Exp World Stock Down 1.8%

Shares of NASDAQ EXPI traded down $0.21 during mid-day trading on Friday, hitting $11.15. 650,533 shares of the company traded hands, compared to its average volume of 931,277. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -55.75 and a beta of 2.01. The business has a 50 day moving average of $10.53 and a two-hundred day moving average of $9.57.

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). Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the company earned $0.08 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts anticipate that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Exp World's dividend payout ratio is presently -100.00%.

Insiders Place Their Bets

In other news, Director Randall D. Miles sold 10,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the sale, the director owned 517,190 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Over the last quarter, insiders sold 20,000 shares of company stock valued at $211,595. Corporate insiders own 27.96% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson set a $12.00 price objective on Exp World and gave the stock a "buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average 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.