Phoenician Capital LLC lifted its stake in shares of eXp World Holdings Inc (NASDAQ:EXPI) by 22.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 750,444 shares of the technology company’s stock after purchasing an additional 136,109 shares during the period. eXp World comprises about 6.5% of Phoenician Capital LLC’s investment portfolio, making the stock its 7th biggest holding. Phoenician Capital LLC owned about 1.22% of eXp World worth $8,352,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in eXp World by 4.6% during the second quarter. Wells Fargo & Company MN now owns 23,717 shares of the technology company’s stock valued at $263,000 after purchasing an additional 1,053 shares during the last quarter. Sigma Planning Corp lifted its holdings in eXp World by 8.9% in the second quarter. Sigma Planning Corp now owns 18,646 shares of the technology company’s stock worth $208,000 after acquiring an additional 1,531 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in eXp World by 10.2% in the second quarter. Commonwealth Equity Services LLC now owns 29,354 shares of the technology company’s stock worth $326,000 after acquiring an additional 2,717 shares during the last quarter. Strs Ohio acquired a new position in eXp World in the second quarter valued at approximately $47,000. Finally, JPMorgan Chase & Co. acquired a new position in eXp World in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 9.82% of the company’s stock.

EXPI has been the topic of a number of research reports. ValuEngine upgraded eXp World from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded eXp World from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th.

Shares of eXp World stock traded up $0.93 during trading on Wednesday, hitting $9.32. 17,136 shares of the stock were exchanged, compared to its average volume of 159,912. The stock’s fifty day moving average is $9.34 and its 200 day moving average is $10.33. The stock has a market cap of $510.21 million, a PE ratio of -23.92 and a beta of 4.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. eXp World Holdings Inc has a 12 month low of $6.61 and a 12 month high of $19.72.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.05). The firm had revenue of $266.70 million during the quarter, compared to the consensus estimate of $259.75 million. eXp World had a negative net margin of 2.50% and a negative return on equity of 58.33%. The company’s revenue for the quarter was up 104.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Sell-side analysts anticipate that eXp World Holdings Inc will post -0.27 EPS for the current fiscal year.

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $11.11, for a total transaction of $222,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alan M. Goldman sold 8,333 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $10.35, for a total value of $86,246.55. The disclosure for this sale can be found here. Insiders sold 259,929 shares of company stock worth $2,659,438 in the last 90 days. 43.57% of the stock is owned by company insiders.

eXp World Profile

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

Featured Article: What is the significance of a dead cat bounce?

Institutional Ownership by Quarter for eXp World (NASDAQ:EXPI)

Receive News & Ratings for eXp World Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eXp World and related companies with MarketBeat.com's FREE daily email newsletter.