Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $275,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $11.02, for a total value of $275,500.00. Following the sale, the chief executive officer now owns 39,928,400 shares of the company’s stock, valued at approximately $440,010,968. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, February 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.96, for a total value of $274,000.00.
• On Monday, February 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.94, for a total value of $273,500.00.
• On Tuesday, January 28th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.59, for a total value of $289,750.00.
• On Tuesday, January 21st, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.44, for a total value of $286,000.00.
• On Monday, January 13th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.74, for a total value of $268,500.00.
• On Monday, January 6th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.52, for a total value of $288,000.00.
• On Thursday, December 26th, Glenn Darrel Sanford sold 36,630 shares of eXp World stock. The stock was sold at an average price of $11.97, for a total value of $438,461.10.
• On Tuesday, December 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.60, for a total value of $630,000.00.
• On Tuesday, December 10th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $13.00, for a total value of $650,000.00.
• On Tuesday, December 3rd, Glenn Darrel Sanford sold 49,881 shares of eXp World stock. The shares were sold at an average price of $13.87, for a total value of $691,849.47.

eXp World Trading Down 9.5 %

Shares of eXp World stock opened at $10.26 on Friday. The stock has a 50 day moving average of $11.40 and a 200 day moving average of $12.56. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $15.39. The firm has a market cap of $1.58 billion, a PE ratio of -46.64 and a beta of 2.29.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. eXp World had a positive return on equity of 2.27% and a negative net margin of 0.74%. As a group, equities research analysts forecast that eXp World Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, March 4th. eXp World’s payout ratio is -90.91%.

Institutional Investors Weigh In On eXp World

Several institutional investors have recently modified their holdings of EXPI. Pacer Advisors Inc. bought a new stake in shares of eXp World in the 4th quarter valued at approximately $60,767,000. Baring Financial LLC bought a new stake in shares of eXp World in the 4th quarter valued at approximately $5,222,000. Vanguard Group Inc. lifted its stake in shares of eXp World by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock valued at $140,834,000 after purchasing an additional 208,920 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of eXp World by 39.7% in the 4th quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company’s stock valued at $8,369,000 after purchasing an additional 206,677 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of eXp World by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock worth $18,153,000 after acquiring an additional 183,823 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “neutral” rating and set a $13.50 price target on shares of eXp World in a research note on Friday.

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.