Mitsubishi UFJ Trust & Banking Corp Buys New Position in Exp World Holdings, Inc. $EXPI

Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) during the third quarter, Holdings Channel.com reports. The fund purchased 60,186 shares of the technology company’s stock, valued at approximately $642,000.

Several other hedge funds have also made changes to their positions in EXPI. Public Employees Retirement System of Ohio increased its stake in Exp World by 32.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company’s stock worth $38,000 after buying an additional 1,032 shares during the period. Geneos Wealth Management Inc. boosted its position in Exp World by 41.2% in the 1st 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. Tower Research Capital LLC TRC grew its stake in shares of Exp World by 387.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock worth $101,000 after acquiring an additional 8,827 shares in the last quarter. Corton Capital Inc. purchased a new stake in shares of Exp World during the second quarter worth $111,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Exp World during the second quarter worth $114,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Penny Sanford sold 117,179 shares of the business’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 transaction of $1,410,835.16. Following the completion of the sale, the insider owned 26,731,114 shares in the company, valued at approximately $321,842,612.56. The trade was a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randall D. Miles sold 10,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $11.20, for a total transaction 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. The trade was a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 137,179 shares of company stock worth $1,623,035. 27.96% of the stock is owned by corporate insiders.

Exp World Price Performance

Shares of NASDAQ EXPI opened at $9.04 on Friday. The business has a 50-day moving average of $9.92 and a two-hundred day moving average of $10.43. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -75.33 and a beta of 1.97. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $12.23.

Exp World (NASDAQ:EXPI) last issued its earnings results on Thursday, November 6th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.24 billion. Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.Exp World’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS. As a group, equities research analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.00.

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.