Intech Investment Management LLC Has $862,000 Position in Exp World Holdings, Inc. $EXPI

Intech Investment Management LLC reduced its holdings in Exp World Holdings, Inc. (NASDAQ:EXPI) by 62.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,894 shares of the technology company’s stock after selling 133,383 shares during the quarter. Intech Investment Management LLC’s holdings in Exp World were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Exp World by 13.1% in the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock valued at $143,084,000 after acquiring an additional 1,557,600 shares during the last quarter. Bank of America Corp DE boosted its holdings in Exp World by 73.3% in the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after purchasing an additional 1,391,582 shares during the period. Invesco Ltd. grew its holdings in shares of Exp World by 55.8% during the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock worth $10,720,000 after purchasing an additional 421,740 shares in the last quarter. Millennium Management LLC increased its stake in shares of Exp World by 126.7% in the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after purchasing an additional 506,121 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Exp World by 56.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 710,001 shares of the technology company’s stock worth $6,461,000 after purchasing an additional 256,095 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Stock Performance

Shares of EXPI opened at $6.49 on Monday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -46.35 and a beta of 2.13. Exp World Holdings, Inc. has a fifty-two week low of $6.45 and a fifty-two week high of $12.23. The firm has a 50 day moving average price of $8.44 and a 200-day moving average price of $9.93.

Exp World (NASDAQ:EXPI) last posted its quarterly earnings results on Tuesday, February 24th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts predict that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.1%. Exp World’s payout ratio is presently -142.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 29th. DA Davidson set a $11.00 price target on shares of Exp World in a research report on Thursday, February 26th. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Exp World currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.