eXp World (NASDAQ:EXPI) Trading 8.1% Higher – Time to Buy?

eXp World Holdings, Inc. (NASDAQ:EXPI) shares were up 8.1% during mid-day trading on Friday . The company traded as high as $12.59 and last traded at $12.54. Approximately 925,491 shares changed hands during trading, a decline of 7% from the average daily volume of 991,251 shares. The stock had previously closed at $11.60.

eXp World Stock Performance

The firm has a market cap of $1.97 billion, a P/E ratio of -58.23 and a beta of 2.26. The firm has a 50 day simple moving average of $13.32 and a 200 day simple moving average of $12.79.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 1.56%. eXp World’s dividend payout ratio is currently -90.91%.

Insiders Place Their Bets

In other eXp World news, insider James Bramble sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total value of $351,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $12.60, for a total transaction of $630,000.00. Following the sale, the chief executive officer now owns 40,209,080 shares in the company, valued at approximately $506,634,408. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,106 shares of company stock worth $8,739,528 in the last three months. 35.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EXPI. Millennium Management LLC boosted its holdings in shares of eXp World by 91.7% in the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after purchasing an additional 659,012 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in eXp World by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock worth $18,153,000 after buying an additional 183,823 shares in the last quarter. Algert Global LLC grew its position in eXp World by 147.6% during the third quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock valued at $4,172,000 after acquiring an additional 176,509 shares during the last quarter. FMR LLC raised its stake in shares of eXp World by 4,338.7% during the third quarter. FMR LLC now owns 123,885 shares of the technology company’s stock worth $1,746,000 after acquiring an additional 121,094 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of eXp World by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock worth $31,161,000 after acquiring an additional 118,210 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

About eXp World

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.