Pacer Advisors Inc. Sells 363,881 Shares of Exp World Holdings, Inc. $EXPI

Pacer Advisors Inc. reduced its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 41.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,879 shares of the technology company’s stock after selling 363,881 shares during the quarter. Pacer Advisors Inc.’s holdings in Exp World were worth $5,371,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Exp World by 32.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company’s stock valued at $38,000 after buying an additional 1,032 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings 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 worth $62,000 after acquiring an additional 1,856 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 valued at $101,000 after purchasing an additional 8,827 shares during the period. Corton Capital Inc. bought a new stake in Exp World during the 2nd quarter valued at $111,000. Finally, Edgestream Partners L.P. purchased a new stake in Exp World during the 2nd quarter worth about $114,000. Institutional investors own 27.17% of the company’s stock.

Exp World Stock Down 1.9%

Shares of NASDAQ EXPI opened at $9.26 on Tuesday. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $12.23. The firm’s fifty day moving average is $10.58 and its 200 day moving average is $10.46. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -77.16 and a beta of 1.98.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings results 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 return on equity of 6.61% and a negative net margin of 0.41%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business earned ($0.04) EPS. Exp World’s revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 17th. Exp World’s payout ratio is currently -166.67%.

Insider Transactions at Exp World

In other Exp World news, major shareholder Penny Sanford sold 117,179 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $12.04, for a total transaction 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 $321,842,612.56. This represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Randall D. Miles sold 10,000 shares of Exp World 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 sale, the director owned 487,190 shares in the company, valued at approximately $5,456,528. This represents a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 147,179 shares of company stock worth $1,727,735. 27.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EXPI shares. Zacks Research lowered Exp World from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average 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.