Northwestern Mutual Wealth Management Co. Grows Holdings in Exp World Holdings, Inc. $AGNT

Northwestern Mutual Wealth Management Co. raised its position in Exp World Holdings, Inc. (NASDAQ:AGNT) by 106,586.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,372 shares of the technology company’s stock after purchasing an additional 213,172 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Exp World were worth $1,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its holdings in Exp World by 40.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,671 shares of the technology company’s stock valued at $142,000 after purchasing an additional 4,509 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of Exp World during the 4th quarter worth about $145,000. Inscription Capital LLC purchased a new position in shares of Exp World during the 4th quarter worth about $108,000. UBS Group AG lifted its holdings in shares of Exp World by 81.7% during the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock worth $16,093,000 after acquiring an additional 799,587 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Exp World during the 4th quarter worth about $248,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Exp World Stock Down 4.8%

AGNT opened at $4.81 on Wednesday. The firm has a market capitalization of $790.40 million, a P/E ratio of -48.10 and a beta of 2.20. The firm’s 50 day moving average is $5.92 and its 200-day moving average is $8.03. Exp World Holdings, Inc. has a 52-week low of $4.58 and a 52-week high of $12.23.

Exp World (NASDAQ:AGNT) last released its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $971.32 million. Equities analysts expect that Exp World Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.2%. Exp World’s dividend payout ratio (DPR) is presently -200.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AGNT. Benchmark started coverage on shares of Exp World in a report on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen upgraded shares of Exp World to a “hold” rating in a report on Sunday, May 10th. Zelman & Associates started coverage on shares of Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target on the stock. Finally, DA Davidson cut their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.67.

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.