XTX Topco Ltd Buys New Shares in Exp World Holdings, Inc. (NASDAQ:EXPI)

XTX Topco Ltd acquired a new stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 58,719 shares of the technology company's stock, valued at approximately $574,000.

Several other large investors have also bought and sold shares of the stock. Rossby Financial LCC purchased a new stake in shares of Exp World in the first quarter valued at about $51,000. Precision Wealth Strategies LLC grew its position in Exp World by 26.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock worth $135,000 after purchasing an additional 2,867 shares in the last quarter. Corton Capital Inc. purchased a new stake in Exp World in the 4th quarter valued at about $139,000. Optimize Financial Inc bought a new position in shares of Exp World during the 4th quarter worth approximately $148,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Exp World in the 4th quarter worth about $161,000. 27.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $12.00 target price on shares of Exp World and gave the stock a "buy" rating in a research report on Friday, July 11th.

Exp World Trading Down 0.3%

Shares of EXPI traded down $0.03 during trading hours on Thursday, reaching $10.24. 892,483 shares of the company's stock traded hands, compared to its average volume of 1,158,352. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.39. The stock has a market cap of $1.61 billion, a PE ratio of -51.20 and a beta of 2.52. The firm's 50 day simple moving average is $9.69 and its 200-day simple moving average is $9.64.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the business earned $0.08 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.05 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.20 annualized dividend and a yield of 2.0%. Exp World's payout ratio is -100.00%.

Insider Buying and Selling at Exp World

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $7.99, for a total value of $199,750.00. Following the transaction, the chief executive officer owned 39,628,400 shares of the company's stock, valued at $316,630,916. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the sale, the director directly owned 537,190 shares of the company's stock, valued at approximately $4,915,288.50. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $486,500 over the last quarter. 27.96% of the stock is owned by company insiders.

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.