eXp World (NASDAQ:EXPI) Shares Down 4.4% After Insider Selling

eXp World Holdings, Inc. (NASDAQ:EXPI) dropped 4.4% during trading on Wednesday following insider selling activity. The stock traded as low as $11.35 and last traded at $11.24. Approximately 83,262 shares changed hands during trading, a decline of 91% from the average daily volume of 944,201 shares. The stock had previously closed at $11.76.

Specifically, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $11.59, for a total transaction of $289,750.00. Following the transaction, the chief executive officer now owns 40,072,450 shares in the company, valued at $464,439,695.50. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

eXp World Stock Up 1.2 %

The company has a market capitalization of $1.77 billion, a P/E ratio of -52.27 and a beta of 2.30. The firm has a 50-day moving average price of $12.22 and a two-hundred day moving average price of $12.87.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Monday, November 18th. eXp World’s payout ratio is -90.91%.

Institutional Trading of eXp World

Hedge funds have recently modified their holdings of the company. Financial Advocates Investment Management lifted its holdings in eXp World by 9.6% in the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock valued at $160,000 after buying an additional 1,000 shares during the period. Amalgamated Bank grew its stake in shares of eXp World by 6.1% during the 3rd quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock worth $344,000 after acquiring an additional 1,412 shares in the last quarter. Olympiad Research LP increased its stake in eXp World by 4.7% in the 3rd quarter. Olympiad Research LP now owns 38,846 shares of the technology company’s stock valued at $547,000 after buying an additional 1,734 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in eXp World by 4.9% during the third quarter. Louisiana State Employees Retirement System now owns 40,900 shares of the technology company’s stock worth $576,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of eXp World by 3.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock worth $936,000 after purchasing an additional 2,126 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Company Profile

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.