Glenn Darrel Sanford Sells 50,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $14.49, for a total transaction of $724,500.00. Following the transaction, the chief executive officer now owns 40,820,297 shares of the company’s stock, valued at $591,486,103.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 10th, Glenn Darrel Sanford sold 59,935 shares of eXp World stock. The shares were sold at an average price of $12.41, for a total value of $743,793.35.
• On Tuesday, September 3rd, Glenn Darrel Sanford sold 26,630 shares of eXp World stock. The stock was sold at an average price of $11.82, for a total value of $314,766.60.
• On Tuesday, August 27th, Glenn Darrel Sanford sold 44,616 shares of eXp World stock. The shares were sold at an average price of $12.98, for a total value of $579,115.68.
• On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The stock was 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 transaction 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 transaction of $616,500.00.
• On Monday, July 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $14.48, for a total transaction 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 value of $551,600.00.
• On Wednesday, July 17th, Glenn Darrel Sanford sold 55,538 shares of eXp World stock. The shares were sold at an average price of $14.29, for a total value 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.

eXp World Trading Up 4.0 %

EXPI stock traded up $0.56 during trading on Thursday, reaching $14.73. The stock had a trading volume of 1,777,719 shares, compared to its average volume of 1,043,015. The stock’s 50 day moving average is $12.90 and its two-hundred day moving average is $11.63. The firm has a market cap of $2.28 billion, a PE ratio of -86.88 and a beta of 2.30. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.83.

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

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, August 14th. eXp World’s payout ratio is -117.65%.

Hedge Funds Weigh In On eXp World

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of eXp World by 49.3% during the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock valued at $4,326,000 after buying an additional 136,151 shares in the last quarter. Quantbot Technologies LP grew its position in shares of eXp World by 551.7% during the first quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock worth $934,000 after purchasing an additional 76,536 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in eXp World during the 1st quarter valued at approximately $469,000. Quest Partners LLC bought a new stake in eXp World during the 4th quarter valued at approximately $300,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in eXp World by 552.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after purchasing an additional 10,195 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXPI. DA Davidson boosted their price objective on shares of eXp World from $11.75 to $13.50 and gave the company 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 research note on Tuesday, July 23rd.

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.