eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $720,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.41, for a total value of $720,500.00. Following the completion of the sale, the chief executive officer now directly owns 40,389,080 shares in the company, valued at approximately $582,006,642.80. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, November 18th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.72, for a total transaction of $636,000.00.
• On Tuesday, November 12th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.48, for a total transaction of $724,000.00.
• On Tuesday, November 5th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.11, for a total transaction of $705,500.00.
• On Tuesday, October 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $12.88, for a total transaction of $515,200.00.
• On Tuesday, October 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $12.82, for a total value of $512,800.00.
• On Tuesday, October 15th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.28, for a total value of $531,200.00.
• On Tuesday, October 8th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.41, for a total value of $536,400.00.
• On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.93, for a total transaction of $557,200.00.
• On Tuesday, September 24th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.23, for a total transaction of $711,500.00.
• On Thursday, September 19th, Glenn Darrel Sanford sold 1,251 shares of eXp World stock. The stock was sold at an average price of $15.00, for a total transaction of $18,765.00.

eXp World Trading Up 2.4 %

EXPI stock traded up $0.34 during midday trading on Monday, reaching $14.39. 1,479,958 shares of the company’s stock traded hands, compared to its average volume of 1,006,709. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11. The stock has a market cap of $2.21 billion, a P/E ratio of -66.18 and a beta of 2.31. The stock’s 50-day moving average is $13.58 and its 200 day moving average is $12.60.

eXp World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.05 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. eXp World’s dividend payout ratio is currently -90.91%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

Hedge Funds Weigh In On eXp World

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new position in shares of eXp World in the second quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in eXp World in the 2nd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in eXp World during the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd purchased a new position in eXp World during the third quarter valued at approximately $34,000. Finally, nVerses Capital LLC boosted its position in shares of eXp World by 102.2% in the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock worth $103,000 after purchasing an additional 4,600 shares during the period. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

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.