Allianz Asset Management GmbH Purchases 223,128 Shares of Exp World Holdings, Inc. $EXPI

Allianz Asset Management GmbH increased its position in Exp World Holdings, Inc. (NASDAQ:EXPI) by 60.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 592,305 shares of the technology company’s stock after purchasing an additional 223,128 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.38% of Exp World worth $6,314,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Exp World by 73.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock valued at $40,000 after buying an additional 1,516 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,856 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Exp World by 387.0% in the 2nd 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. bought a new position in shares of Exp World during the 2nd quarter worth approximately $111,000. Finally, Edgestream Partners L.P. acquired a new stake in Exp World in the 2nd quarter valued at $114,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXPI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

Insider Activity

In other Exp World news, major shareholder Penny Sanford sold 117,179 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 26,731,114 shares of the company’s stock, valued at approximately $321,842,612.56. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $11.20, for a total transaction of $112,000.00. Following the transaction, the director owned 487,190 shares in the company, valued at $5,456,528. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 27.96% of the company’s stock.

Exp World Stock Performance

Exp World stock opened at $8.50 on Tuesday. The business’s fifty day moving average is $9.56 and its two-hundred day moving average is $10.34. The firm has a market cap of $1.35 billion, a P/E ratio of -70.83 and a beta of 2.12. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $12.23.

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.