Mitsubishi UFJ Trust & Banking Corp Makes New $642,000 Investment in Exp World Holdings, Inc. $EXPI

Mitsubishi UFJ Trust & Banking Corp bought a new stake in Exp World Holdings, Inc. (NASDAQ:EXPI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 60,186 shares of the technology company’s stock, valued at approximately $642,000.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised 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 purchasing an additional 1,032 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Exp World by 41.2% in the first 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 last quarter. Tower Research Capital LLC TRC lifted 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 buying an additional 8,827 shares in the last quarter. Corton Capital Inc. acquired a new position in Exp World during the second quarter worth about $111,000. Finally, Edgestream Partners L.P. purchased a new stake in Exp World during the 2nd quarter valued at about $114,000. 27.17% of the stock is owned by institutional investors and hedge funds.

Exp World Stock Performance

Shares of Exp World stock opened at $9.04 on Friday. The stock has a 50 day moving average of $9.92 and a 200 day moving average of $10.43. The firm 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 fifty-two week low of $6.90 and a fifty-two week high of $12.23.

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

Analyst Ratings Changes

A number of research firms have weighed in on EXPI. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 29th. One investment 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. Based on data from MarketBeat.com, Exp World has an average rating of “Hold” and an average target price of $12.00.

Insider Activity

In other news, major shareholder Penny Sanford sold 117,179 shares of the company’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 transaction, the insider directly owned 26,731,114 shares in the company, valued at approximately $321,842,612.56. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction that occurred 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 sale, the director owned 487,190 shares of the company’s stock, valued at $5,456,528. This trade represents a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 137,179 shares of company stock valued at $1,623,035. 27.96% of the stock is currently owned by insiders.

About Exp World

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.