Nordea Investment Management AB Increases Stock Position in Exp World Holdings, Inc. $EXPI

Nordea Investment Management AB boosted its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,937 shares of the technology company’s stock after buying an additional 4,645 shares during the quarter. Nordea Investment Management AB’s holdings in Exp World were worth $4,273,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EXPI. Nuveen LLC acquired a new position in shares of Exp World in the 1st quarter worth approximately $5,523,000. Millennium Management LLC lifted its holdings 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 worth $8,856,000 after acquiring an additional 506,121 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Exp World by 941.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company’s stock worth $3,617,000 after acquiring an additional 334,347 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exp World by 16.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,639,766 shares of the technology company’s stock worth $16,037,000 after acquiring an additional 228,103 shares during the last quarter. Finally, PDT Partners LLC lifted its holdings in shares of Exp World by 350.1% in the 1st quarter. PDT Partners LLC now owns 238,087 shares of the technology company’s stock worth $2,328,000 after acquiring an additional 185,195 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Price Performance

NASDAQ EXPI opened at $10.97 on Wednesday. The company has a market cap of $1.72 billion, a P/E ratio of -54.85 and a beta of 2.00. The stock has a 50-day moving average of $10.83 and a two-hundred day moving average of $9.76. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.22.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.13). The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. On average, analysts anticipate that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

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 $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 15th. Exp World’s dividend payout ratio (DPR) is presently -100.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on EXPI. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a report on Wednesday, October 8th. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, DA Davidson set a $12.00 target price on Exp World and gave the company a “buy” rating in a research report on Friday, July 11th. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Insider Activity

In other 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 transaction, the director 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 30,000 shares of company stock valued at $316,295. Company insiders own 27.96% of the company’s stock.

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.