Texas Permanent School Fund Corp Acquires 101,397 Shares of Exp World Holdings, Inc. $EXPI

Texas Permanent School Fund Corp raised its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 118.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,039 shares of the technology company’s stock after buying an additional 101,397 shares during the period. Texas Permanent School Fund Corp owned about 0.12% of Exp World worth $1,702,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC lifted its stake in shares of Exp World by 7.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 57,417 shares of the technology company’s stock valued at $522,000 after acquiring an additional 3,769 shares during the last quarter. Squarepoint Ops LLC increased its stake in Exp World by 12.0% in the 2nd quarter. Squarepoint Ops LLC now owns 462,123 shares of the technology company’s stock worth $4,205,000 after purchasing an additional 49,395 shares during the period. Thrivent Financial for Lutherans lifted its position in Exp World by 1.8% in the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock valued at $575,000 after purchasing an additional 1,126 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Exp World during the second quarter valued at approximately $263,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of Exp World by 9.3% in the second quarter. Public Sector Pension Investment Board now owns 292,832 shares of the technology company’s stock worth $2,665,000 after purchasing an additional 24,968 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Exp World Stock Down 0.6%

Shares of EXPI stock opened at $9.81 on Tuesday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -81.74 and a beta of 1.98. The stock has a fifty day moving average of $10.72 and a 200 day moving average of $10.45. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $12.74.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). Exp World had a negative net margin of 0.41% and a negative return on equity of 6.61%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 17th. Exp World’s dividend payout ratio is presently -166.67%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EXPI. Zacks Research lowered shares of Exp World from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.00.

Insider Activity

In other news, Director Randall D. Miles sold 10,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $11.20, for a total value of $112,000.00. Following the completion of the transaction, the director owned 487,190 shares of the company’s stock, valued at approximately $5,456,528. This represents a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Penny Sanford sold 117,179 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $12.04, for a total value of $1,410,835.16. Following the completion of the transaction, the insider owned 26,731,114 shares of the company’s stock, valued at approximately $321,842,612.56. The trade was a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 147,179 shares of company stock valued at $1,727,735 over the last 90 days. 27.96% of the stock is currently owned by company insiders.

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.