eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $265,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $10.62, for a total transaction of $265,500.00. Following the sale, the chief executive officer now owns 41,462,388 shares of the company’s stock, valued at $440,330,560.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Glenn Darrel Sanford also recently made the following trade(s):

• On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The shares were sold at an average price of $12.02, for a total transaction of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.92, for a total value of $273,000.00.
• On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.05, for a total value of $276,250.00.

eXp World Price Performance

NASDAQ EXPI opened at $11.22 on Friday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -66.00 and a beta of 2.32. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $25.39. The business’s fifty day moving average price is $11.18 and its 200-day moving average price is $12.00.

eXp World (NASDAQ:EXPI) last posted its earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. eXp World’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. Equities research analysts anticipate that eXp World Holdings, Inc. will post 0.18 EPS for the current year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Friday, May 10th. eXp World’s payout ratio is -117.64%.

Institutional Trading of eXp World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPI. Copeland Capital Management LLC boosted its stake in shares of eXp World by 6.4% during the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock worth $60,011,000 after acquiring an additional 232,321 shares during the last quarter. Invesco Ltd. raised its holdings in eXp World by 30.5% in the 3rd quarter. Invesco Ltd. now owns 432,798 shares of the technology company’s stock worth $7,029,000 after purchasing an additional 101,147 shares during the period. Wellington Management Group LLP bought a new position in eXp World in the 3rd quarter worth $3,771,000. Seven Eight Capital LP purchased a new position in eXp World during the third quarter valued at $164,000. Finally, Vanguard Group Inc. grew its holdings in eXp World by 1.4% during the third quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock valued at $195,165,000 after purchasing an additional 168,360 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson reaffirmed an “underperform” rating and set a $11.75 price objective on shares of eXp World in a research report on Thursday, May 2nd. TheStreet cut shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.