Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) Insider Sells 25,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) insider James Bramble sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $14.05, for a total transaction of $351,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

eXp World Stock Performance

Shares of EXPI stock opened at $13.92 on Thursday. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $17.11. The firm has a market capitalization of $2.14 billion, a PE ratio of -63.27 and a beta of 2.31. The stock has a fifty day moving average of $13.46 and a two-hundred day moving average of $12.48.

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 1.44%. eXp World’s dividend payout ratio is -90.91%.

Hedge Funds Weigh In On eXp World

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in eXp World by 552.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after buying an additional 10,195 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in eXp World by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock valued at $695,000 after buying an additional 881 shares during the period. Illinois Municipal Retirement Fund raised its position in eXp World by 20.7% during the first quarter. Illinois Municipal Retirement Fund now owns 47,101 shares of the technology company’s stock valued at $487,000 after purchasing an additional 8,069 shares in the last quarter. Sei Investments Co. increased its position in eXp World by 13.3% during the 1st quarter. Sei Investments Co. now owns 98,877 shares of the technology company’s stock worth $1,022,000 after purchasing an additional 11,612 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in eXp World by 25.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,613 shares of the technology company’s stock valued at $265,000 after purchasing an additional 5,260 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXPI shares. DA Davidson raised their price objective on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BTIG Research upgraded shares of eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd.

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.