Harbor Capital Advisors Inc., an institutional investor, has recently acquired a new position in shares of eXp World Holdings, Inc. during the second quarter of the fiscal year. As per their most recent disclosure with the Securities & Exchange Commission, the investment firm purchased 43,860 shares of eXp World’s stock, with an approximate value of $889,000.
eXp World, listed on NASDAQ with the symbol EXPI, released its quarterly earnings data on Thursday, August 3rd. According to the report, the technology company generated earnings per share (EPS) of $0.06 for the quarter. This figure was lower than analysts’ consensus estimates of $0.09 by ($0.03). The company’s revenue for the same period reached $1.20 billion, slightly surpassing analysts’ expectations of $1.19 billion.
However, it is important to note that eXp World experienced a decrease in revenue by 15.2% when compared to the prior year’s quarter. In terms of profitability, the business achieved a net margin of 0.19% and had a return on equity (ROE) of 3.17%. In the previous year’s corresponding period, eXp World reported an EPS identical to its most recent figure at $0.06.
Equities analysts have taken notice of these financial results and issued reports on eXp World as well. For instance, BTIG Research released a research note on Monday, July 17th in which they provided a “sell” rating along with a price objective for the company set at $14.00 per share. Additionally, DA Davidson increased their price target for eXp World from an initial value of $20.00 to $28.00 in a research report published on Monday, August 7th.
Overall market sentiment regarding eXp World Holdings is diverse due to its recent financial performance. Analysts anticipate that the company will post an EPS of 0.26 for the current fiscal year. Investors and observers will closely monitor future developments to assess whether eXp World can overcome its challenges and potentially enhance value for its shareholders.
Bicycle Therapeutics plc
BCYC
Buy
Updated on: 27/09/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Sell
Institutional Investors Show Growing Confidence in eXp World Holdings Inc. as Insiders Capitalize on Investments
September 19, 2023 – In recent months, there have been several notable changes in the holdings of eXp World Holdings, Inc. by institutional investors. These changes have sparked intrigue and curiosity among market observers. Among the significant shifts, Millennium Management LLC’s stake in eXp World grew by an astonishing 114.1% during the second quarter. As a result, the firm now owns an impressive 1,654,463 shares of eXp World’s stock, valued at $19,473,000.
Another noteworthy investor is Copeland Capital Management LLC which increased its stake in eXp World by 23.6% during the first quarter. Currently owning 4,434,587 shares worth $56,275,000, this investment firm demonstrated confidence in eXp World’s potential for growth and profitability.
Vanguard Group Inc., a renowned institution in the financial world also saw fit to increase its position by 8.0% during the third quarter. The group now holds approximately 10,422,839 shares worth $116,840,000.
Bank of America Corp DE followed suit by enlarging its stake in eXp World by an impressive 111.2% during the first quarter of this year. The bank currently has control over 1,329,595 shares valued at $16,873,000.
Adding to these investments from prominent institutions and hedge funds is Norges Bank which has initiated a new position in eXp World with an approximate value of $7,1730 million.
In total it has been recorded that approximately 27.17% of eXp World’s available stock is owned by institutional investors and hedge funds.
Moving on to other news relating to eXp World Holdings Inc., Director Randall D. Miles recently completed a transaction involving the sale of 3,715 shares of the company’s stock on August 7th. The average selling price was marked at $25.05, leading to a total transaction value of $93,060.75. Following the sale, Miles now holds 577,665 shares, representing a value of $14,470,508.25.
Additionally, Director Jason Gesing also made headlines with the sale of 20,000 shares on September 6th at an average price of $19.28 per share. With this transaction completed, Gesing maintains ownership of 2,297,858 shares with a valuation of approximately $44,302,702.24.
Notably, in the last quarter alone insiders have sold approximately 604,889 shares worth $14,129,728, demonstrating a keen interest in capitalizing on their investments.
eXp World Holdings Inc., listed on NASDAQ under the ticker symbol EXPI opened at a trading price of $17.32 on Tuesday. The company has experienced considerable volatility over the past year as reflected by its one-year low and high values which stand at $9.96 and $25.39 respectively.
The company’s fifty-day moving average price currently sits at $21.41 while its two-hundred-day moving average price is set at $16.98 indicating fluctuations within the market sentiment towards eXp World Holdings Inc.
With regards to its market capitalization, eXp World stands strong at an impressive $2.66 billion. As for its price-earning (PE) ratio it currently reflects significant growth in comparison to industry standards sitting at 346:47.
Finally considering its beta value which measures stock volatility in relation to the overall market movement indicates that eXp World is deemed higher risk with a beta value set at 2.76.
In conclusion, recent shifts in institutional holdings and insider transactions have fueled interest surrounding eXp World Holdings Inc., causing analysts and experts to closely monitor these developments as an indication of the company’s future prospects.
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