Principal Financial Group Inc. Grows Stock Holdings in Exp World Holdings, Inc. $EXPI

Principal Financial Group Inc. boosted its stake in Exp World Holdings, Inc. (NASDAQ:EXPI) by 26.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 537,545 shares of the technology company’s stock after purchasing an additional 111,963 shares during the period. Principal Financial Group Inc.’s holdings in Exp World were worth $5,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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 last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Exp World by 387.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock worth $101,000 after purchasing an additional 8,827 shares during the period. Corton Capital Inc. purchased a new position in Exp World in the 2nd quarter valued at $111,000. Edgestream Partners L.P. purchased a new position in Exp World in the 2nd quarter valued at $114,000. Finally, Brevan Howard Capital Management LP acquired a new position in Exp World in the 2nd quarter valued at $123,000. 27.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXPI has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research note 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 assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exp World currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Exp World Stock Down 0.4%

NASDAQ:EXPI opened at $7.55 on Friday. The firm’s fifty day simple moving average is $9.30 and its 200-day simple moving average is $10.25. The stock has a market cap of $1.20 billion, a PE ratio of -62.91 and a beta of 2.12. Exp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $12.23.

Insider Activity

In related 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 value of $1,410,835.16. Following the sale, the insider owned 26,731,114 shares in the company, valued at $321,842,612.56. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $11.20, for a total value of $112,000.00. Following the completion of the transaction, the director directly owned 487,190 shares of the company’s stock, 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. Corporate insiders own 27.96% of the company’s stock.

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.