BlackRock Discloses 5.0% Stake in EXP World Holdings
Ticker: EXPI · Form: SC 13G · Filed: Jan 25, 2024 · CIK: 1495932
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, real-estate
TL;DR
**BlackRock just revealed a 5% stake in EXP World Holdings, signaling institutional confidence.**
AI Summary
BlackRock Inc. has filed an SC 13G, indicating its ownership of 5.0% of EXP World Holdings, Inc.'s Common Stock as of December 31, 2023. This filing, made on January 25, 2024, shows that BlackRock holds 3,293,892 shares. This matters to investors because BlackRock is a major institutional investor, and their significant stake suggests confidence in EXP World Holdings, Inc., a real estate company, potentially signaling stability or future growth prospects.
Why It Matters
BlackRock's substantial investment in EXP World Holdings, Inc. could be seen as a vote of confidence, potentially attracting other investors and influencing stock performance.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, generally seen as a positive or neutral event with low inherent risk.
Analyst Insight
A smart investor would monitor EXP World Holdings, Inc. for any further institutional buying or selling activity, as BlackRock's stake could signal underlying value or future growth potential.
Key Numbers
- 3,293,892 — Shares Owned (Total shares of EXP World Holdings, Inc. Common Stock beneficially owned by BlackRock Inc.)
- 5.0% — Ownership Percentage (Percentage of EXP World Holdings, Inc. Common Stock beneficially owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — filer of the SC 13G, holding a significant stake
- EXP World Holdings, Inc. (company) — the subject company whose stock is being reported
- 3,293,892 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 5.0% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — date of the event requiring the filing
- January 25, 2024 (person) — date the SC 13G filing was made
Forward-Looking Statements
- EXP World Holdings, Inc. stock may experience increased investor interest due to BlackRock's significant stake. (EXP World Holdings, Inc.) — medium confidence, target: Q1 2024
FAQ
What is the name of the company that filed this SC 13G?
The company that filed this SC 13G is BlackRock Inc., as stated in the 'FILED BY' section of the filing.
Which company's stock is the subject of this filing?
The subject company is EXP World Holdings, Inc., as indicated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
What percentage of EXP World Holdings, Inc. Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 5.0% of the Common Stock of EXP World Holdings, Inc., as per the filing details.
As of what date did the event requiring this filing occur?
The event requiring this filing occurred on December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the class of securities reported in this filing?
The CUSIP number for the Common Stock of EXP World Holdings, Inc. is 30212W100, as listed in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 25, 2024 by December 31, 2023 regarding EXP World Holdings, Inc. (EXPI).