eXp World Holdings, Inc. (NASDAQ:EXPI) Major Shareholder Sells $1,393,600.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) major shareholder Penny Sanford sold 40,000 shares of the firm’s stock in a transaction on Friday, April 30th. The stock was sold at an average price of $34.84, for a total value of $1,393,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Penny Sanford also recently made the following trade(s):

  • On Tuesday, March 30th, Penny Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $42.99, for a total value of $1,719,600.00.

Shares of NASDAQ:EXPI traded down $1.33 during trading on Monday, reaching $33.03. 33,100 shares of the company’s stock traded hands, compared to its average volume of 2,031,285. eXp World Holdings, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $90.00. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.78 billion, a PE ratio of 107.38 and a beta of 3.35. The company has a 50-day simple moving average of $43.25 and a 200-day simple moving average of $42.36.

eXp World (NASDAQ:EXPI) last posted its earnings results on Wednesday, March 10th. The technology company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). eXp World had a net margin of 1.66% and a return on equity of 32.54%. The business had revenue of $609.30 million for the quarter, compared to analyst estimates of $522.27 million. The business’s revenue was up 122.4% on a year-over-year basis. On average, equities research analysts forecast that eXp World Holdings, Inc. will post 0.51 EPS for the current year.

Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in eXp World by 8.9% in the 4th quarter. BlackRock Inc. now owns 1,888,289 shares of the technology company’s stock worth $119,188,000 after buying an additional 155,058 shares during the last quarter. Scout Investments Inc. acquired a new stake in eXp World in the 1st quarter worth about $45,346,000. Morgan Stanley boosted its holdings in eXp World by 74.8% in the 4th quarter. Morgan Stanley now owns 227,652 shares of the technology company’s stock worth $14,370,000 after buying an additional 97,444 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in eXp World by 18.6% in the 4th quarter. Voloridge Investment Management LLC now owns 190,021 shares of the technology company’s stock worth $11,994,000 after buying an additional 29,807 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in eXp World in the 4th quarter worth about $9,952,000. Hedge funds and other institutional investors own 19.26% of the company’s stock.

Several equities research analysts have weighed in on EXPI shares. Zacks Investment Research downgraded eXp World from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 21st. William Blair downgraded eXp World from an “outperform” rating to a “market perform” rating in a research report on Friday, February 12th. They noted that the move was a valuation call. DA Davidson increased their price target on eXp World from $26.50 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, March 18th. Finally, TheStreet downgraded eXp World from a “b-” rating to a “c+” rating in a research report on Monday, March 22nd.

About eXp World

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential homeowners and homebuyers in the United States, Canada, the United Kingdom, Australia, South Africa, Portugal, France, Mexico, and India. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and provides buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.

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