eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $214,800.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $10.74, for a total transaction of $214,800.00. Following the sale, the chief executive officer now directly owns 41,474,292 shares in the company, valued at $445,433,896.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.62, for a total transaction of $265,500.00.
• On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The stock was sold at an average price of $12.02, for a total transaction of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.92, for a total transaction of $273,000.00.
• On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.05, for a total transaction of $276,250.00.

eXp World Trading Down 1.1 %

Shares of NASDAQ:EXPI opened at $10.51 on Friday. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $25.39. The company’s 50 day moving average is $11.23 and its two-hundred day moving average is $11.84. The company has a market cap of $1.63 billion, a PE ratio of -61.82 and a beta of 2.34.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The company had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. During the same period in the prior year, the firm posted $0.01 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts expect that eXp World Holdings, Inc. will post 0.18 EPS for the current year.

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s dividend payout ratio is presently -117.64%.

Institutional Investors Weigh In On eXp World

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SRS Capital Advisors Inc. raised its stake in eXp World by 354.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,540 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in eXp World during the 4th quarter worth $31,000. Pineridge Advisors LLC acquired a new stake in eXp World during the 4th quarter worth $33,000. Blue Trust Inc. raised its stake in eXp World by 201.3% during the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock worth $48,000 after acquiring an additional 1,955 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in eXp World during the 4th quarter worth $48,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued an “underperform” rating and issued a $11.75 price objective on shares of eXp World in a research report on Thursday, May 2nd.

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.