Advisor Group Holdings Inc. Increases Stock Position in eXp World Holdings Inc (NASDAQ:EXPI)

Advisor Group Holdings Inc. grew its position in shares of eXp World Holdings Inc (NASDAQ:EXPI) by 23.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,055 shares of the technology company’s stock after buying an additional 1,321 shares during the quarter. Advisor Group Holdings Inc.’s holdings in eXp World were worth $120,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Bank of Montreal Can purchased a new stake in eXp World during the second quarter valued at about $32,000. Ameritas Investment Partners Inc. boosted its stake in eXp World by 49.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,107 shares of the technology company’s stock valued at $36,000 after buying an additional 700 shares during the period. BNP Paribas Arbitrage SA grew its position in eXp World by 112.8% during the first quarter. BNP Paribas Arbitrage SA now owns 6,378 shares of the technology company’s stock worth $54,000 after buying an additional 3,381 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of eXp World in the 1st quarter valued at about $71,000. Finally, Rhumbline Advisers boosted its position in shares of eXp World by 12.8% during the 1st quarter. Rhumbline Advisers now owns 16,279 shares of the technology company’s stock valued at $138,000 after acquiring an additional 1,842 shares during the last quarter. Hedge funds and other institutional investors own 15.32% of the company’s stock.

EXPI stock traded up $4.95 during trading on Friday, reaching $58.99. The company had a trading volume of 1,065,952 shares, compared to its average volume of 530,575. The business has a 50 day moving average of $41.89 and a 200 day moving average of $20.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market cap of $4.04 billion, a P/E ratio of 655.52 and a beta of 3.55. eXp World Holdings Inc has a 52 week low of $6.51 and a 52 week high of $59.08.

eXp World (NASDAQ:EXPI) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. eXp World had a return on equity of 12.77% and a net margin of 0.63%. The firm had revenue of $353.53 million during the quarter, compared to analyst estimates of $308.30 million. Research analysts expect that eXp World Holdings Inc will post 0.3 earnings per share for the current year.

In other eXp World news, Director Randall D. Miles sold 15,000 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $16.21, for a total transaction of $243,150.00. Following the completion of the sale, the director now directly owns 30,040 shares in the company, valued at approximately $486,948.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Penny Sanford sold 20,000 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $41.17, for a total transaction of $823,400.00. Following the sale, the insider now directly owns 14,894,920 shares of the company’s stock, valued at approximately $613,223,856.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 665,683 shares of company stock worth $23,177,172. Corporate insiders own 40.06% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of eXp World from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Zacks Investment Research cut eXp World from a “buy” rating to a “hold” rating in a report on Tuesday, October 6th. TheStreet raised eXp World from a “d+” rating to a “c+” rating in a research note on Friday, August 14th. Finally, DA Davidson increased their price objective on eXp World from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $27.67.

eXp World Company Profile

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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Institutional Ownership by Quarter for eXp World (NASDAQ:EXPI)

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