Glenn Darrel Sanford Sells 25,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.76, for a total value of $244,000.00. Following the completion of the sale, the chief executive officer now directly owns 39,853,400 shares of the company’s stock, valued at approximately $388,969,184. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.04, for a total value of $251,000.00.
• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.21, for a total value of $255,250.00.
• On Tuesday, February 18th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.02, for a total value of $275,500.00.
• 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $11.97, for a total value of $438,461.10.

eXp World Trading Down 1.1 %

Shares of NASDAQ EXPI opened at $9.55 on Thursday. The stock has a fifty day simple moving average of $10.83 and a two-hundred day simple moving average of $12.35. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $15.39. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -68.21 and a beta of 2.33.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, March 4th. eXp World’s dividend payout ratio (DPR) is -142.86%.

Hedge Funds Weigh In On eXp World

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of eXp World by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock worth $7,333,000 after acquiring an additional 75,431 shares during the period. CWA Asset Management Group LLC bought a new position in shares of eXp World in the third quarter worth $519,000. State Street Corp boosted its holdings in shares of eXp World by 4.1% in the third quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock worth $42,019,000 after acquiring an additional 117,418 shares during the period. Algert Global LLC boosted its holdings in shares of eXp World by 147.6% in the third quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock worth $4,172,000 after acquiring an additional 176,509 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of eXp World by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company’s stock worth $4,741,000 after acquiring an additional 11,588 shares during the period. 27.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “neutral” rating and set a $13.50 price target on shares of eXp World in a research report on Friday, February 21st.

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.