eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford Sells 59,935 Shares

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 59,935 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.41, for a total value of $743,793.35. Following the completion of the transaction, the chief executive officer now directly owns 40,882,685 shares in the company, valued at $507,354,120.85. The sale 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 Tuesday, September 3rd, Glenn Darrel Sanford sold 26,630 shares of eXp World stock. The shares were sold at an average price of $11.82, for a total transaction of $314,766.60.
• On Tuesday, August 27th, Glenn Darrel Sanford sold 44,616 shares of eXp World stock. The stock was sold at an average price of $12.98, for a total transaction of $579,115.68.
• On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The shares were sold at an average price of $12.32, for a total transaction of $591,162.88.
• On Tuesday, August 13th, Glenn Darrel Sanford sold 46,047 shares of eXp World stock. The shares were sold at an average price of $12.05, for a total value of $554,866.35.
• On Tuesday, August 6th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.33, for a total value of $616,500.00.
• On Monday, July 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $14.48, for a total value of $579,200.00.
• On Monday, July 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.79, for a total transaction of $551,600.00.
• On Wednesday, July 17th, Glenn Darrel Sanford sold 55,538 shares of eXp World stock. The stock was sold at an average price of $14.29, for a total transaction of $793,638.02.
• On Monday, July 15th, Glenn Darrel Sanford sold 83,240 shares of eXp World stock. The shares were sold at an average price of $12.80, for a total transaction of $1,065,472.00.
• On Monday, July 8th, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The stock was sold at an average price of $11.12, for a total transaction of $222,400.00.

eXp World Stock Up 5.3 %

Shares of EXPI stock opened at $13.11 on Friday. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $18.85. The company has a 50-day simple moving average of $12.66 and a two-hundred day simple moving average of $11.58.

eXp World (NASDAQ:EXPI) last released its earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Equities research analysts predict that eXp World Holdings, Inc. will post 0.09 earnings per share for the current year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.53%. The ex-dividend date was Wednesday, August 14th. eXp World’s dividend payout ratio (DPR) is currently -117.64%.

Analysts Set New Price Targets

A number of analysts have commented on the company. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd. DA Davidson upped their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

Institutional Investors Weigh In On eXp World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cim LLC boosted its position in eXp World by 10.7% during the second quarter. Cim LLC now owns 33,308 shares of the technology company’s stock worth $390,000 after purchasing an additional 3,228 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in eXp World by 627.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,979 shares of the technology company’s stock worth $214,000 after buying an additional 16,370 shares during the period. Algert Global LLC grew its stake in eXp World by 275.9% in the 2nd quarter. Algert Global LLC now owns 119,576 shares of the technology company’s stock valued at $1,349,000 after buying an additional 87,766 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in eXp World by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,813 shares of the technology company’s stock valued at $494,000 after acquiring an additional 5,567 shares during the period. Finally, Millennium Management LLC lifted its position in shares of eXp World by 91.7% during the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after acquiring an additional 659,012 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

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.