AlphaQuest LLC Has $468,000 Position in Exp World Holdings, Inc. $EXPI

AlphaQuest LLC raised its stake in Exp World Holdings, Inc. (NASDAQ:EXPI) by 199.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 51,420 shares of the technology company’s stock after buying an additional 34,252 shares during the period. AlphaQuest LLC’s holdings in Exp World were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EXPI. Rossby Financial LCC acquired a new position in shares of Exp World in the first quarter valued at $51,000. Teacher Retirement System of Texas grew its stake in shares of Exp World by 14.7% in the first quarter. Teacher Retirement System of Texas now owns 50,538 shares of the technology company’s stock valued at $494,000 after acquiring an additional 6,495 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Exp World by 2.3% in the first quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company’s stock valued at $4,122,000 after acquiring an additional 9,619 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Exp World by 77.9% in the first quarter. Allianz Asset Management GmbH now owns 265,027 shares of the technology company’s stock valued at $2,592,000 after acquiring an additional 116,031 shares in the last quarter. Finally, PFG Advisors acquired a new position in shares of Exp World in the first quarter valued at about $336,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. DA Davidson set a $12.00 price target on shares of Exp World and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exp World currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Exp World Price Performance

Shares of NASDAQ EXPI opened at $11.09 on Wednesday. The company has a 50 day simple moving average of $10.91 and a 200 day simple moving average of $9.83. The firm has a market cap of $1.74 billion, a PE ratio of -55.45 and a beta of 2.00. 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 issued its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS. As a group, research analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were 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 $5,310,279.30. This trade represents a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 30,000 shares of company stock valued at $316,295. 27.96% of the stock is owned by company insiders.

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.