eXp World (NASDAQ:EXPI) Trading Down 6.2% Following Insider Selling

eXp World Holdings, Inc. (NASDAQ:EXPI)’s stock price fell 6.2% during trading on Monday following insider selling activity. The company traded as low as $12.45 and last traded at $12.49. 543,725 shares changed hands during trading, a decline of 46% from the average session volume of 1,005,254 shares. The stock had previously closed at $13.31.

Specifically, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $12.72, for a total value of $636,000.00. Following the completion of the sale, the chief executive officer now directly owns 40,439,080 shares in the company, valued at $514,385,097.60. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $14.48, for a total value of $724,000.00. Following the sale, the chief executive officer now directly owns 40,489,080 shares of the company’s stock, valued at $586,281,878.40. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In related news, insider James Bramble sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total transaction of $351,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Wall Street Analyst Weigh In

EXPI has been the topic of a number of analyst reports. BTIG Research upgraded shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson increased their price target on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

eXp World Stock Performance

The firm has a 50 day simple moving average of $13.58 and a two-hundred day simple moving average of $12.57. The firm has a market capitalization of $1.97 billion, a P/E ratio of -58.32 and a beta of 2.31.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, November 18th. eXp World’s payout ratio is currently -90.91%.

Institutional Trading of eXp World

A number of large investors have recently modified their holdings of EXPI. Louisiana State Employees Retirement System boosted its position in eXp World by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the technology company’s stock valued at $440,000 after buying an additional 900 shares during the period. Financial Advocates Investment Management lifted its holdings in shares of eXp World by 9.6% during the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock valued at $160,000 after purchasing an additional 1,000 shares during the last quarter. Amalgamated Bank raised its position in shares of eXp World by 6.1% in the 3rd quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock worth $344,000 after purchasing an additional 1,412 shares during the last quarter. Olympiad Research LP raised its holdings in eXp World by 4.7% in the 3rd quarter. Olympiad Research LP now owns 38,846 shares of the technology company’s stock worth $547,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of eXp World by 8.0% in the second quarter. Commonwealth Equity Services LLC now owns 23,896 shares of the technology company’s stock worth $270,000 after purchasing an additional 1,768 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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.