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

Allianz Asset Management GmbH boosted its position in Exp World Holdings, Inc. (NASDAQ:EXPI) by 60.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 592,305 shares of the technology company’s stock after buying an additional 223,128 shares during the quarter. Allianz Asset Management GmbH’s holdings in Exp World were worth $6,314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Exp World by 73.3% during the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after purchasing an additional 1,391,582 shares during the period. Invesco Ltd. raised its stake in shares of Exp World by 55.8% during the second quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock worth $10,720,000 after buying an additional 421,740 shares during the last quarter. Millennium Management LLC lifted its holdings in Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after buying an additional 506,121 shares during the period. JPMorgan Chase & Co. lifted its holdings in Exp World by 56.4% in the second quarter. JPMorgan Chase & Co. now owns 710,001 shares of the technology company’s stock valued at $6,461,000 after buying an additional 256,095 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock valued at $6,086,000 after acquiring an additional 109,995 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction 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 sale, the director owned 487,190 shares of the company’s stock, valued at approximately $5,456,528. This trade represents a 2.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 disclosure for this sale is available in the SEC filing. 27.96% of the stock is owned by insiders.

Exp World Stock Performance

Shares of NASDAQ EXPI opened at $8.50 on Tuesday. Exp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $12.23. The stock has a market cap of $1.35 billion, a P/E ratio of -70.83 and a beta of 2.12. The firm has a 50 day moving average price of $9.56 and a 200 day moving average price of $10.34.

Wall Street Analysts Forecast Growth

EXPI has been the subject of several recent research reports. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.00.

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.