Wealth Enhancement Advisory Services LLC Reduces Stock Holdings in Exp World Holdings, Inc. $EXPI

Wealth Enhancement Advisory Services LLC decreased its holdings in Exp World Holdings, Inc. (NASDAQ:EXPI) by 36.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,652 shares of the technology company’s stock after selling 6,649 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Exp World were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after acquiring an additional 109,995 shares during the period. Voya Investment Management LLC lifted its position in Exp World by 137.5% during the first quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company’s stock valued at $576,000 after buying an additional 34,103 shares during the period. Strs Ohio purchased a new position in Exp World during the first quarter valued at $148,000. Geneos Wealth Management Inc. lifted its position in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after buying an additional 1,856 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Exp World by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,623 shares of the technology company’s stock valued at $1,982,000 after buying an additional 18,138 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total value of $104,700.00. Following the completion of the sale, the director directly owned 507,190 shares in the company, valued at approximately $5,310,279.30. This trade represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 30,000 shares of company stock valued at $316,295. 27.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on EXPI shares. DA Davidson set a $12.00 price objective on Exp World and gave the company a “buy” rating in a research report on Friday, July 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research report on Wednesday, October 8th. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exp World presently has an average rating of “Hold” and an average price target of $12.00.

Exp World Price Performance

Shares of NASDAQ:EXPI opened at $10.42 on Monday. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.22. The business has a fifty day moving average price of $10.73 and a 200-day moving average price of $9.70. The company has a market capitalization of $1.64 billion, a PE ratio of -52.10 and a beta of 2.00.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share 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 the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. Exp World’s revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 15th. Exp World’s dividend payout ratio (DPR) is presently -100.00%.

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.