eXp World (NASDAQ:EXPI) Trading 10.1% Higher – Time to Buy?

eXp World Holdings, Inc. (NASDAQ:EXPI) shares shot up 10.1% during trading on Wednesday . The company traded as high as $11.57 and last traded at $11.55. 896,194 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 941,177 shares. The stock had previously closed at $10.49.

eXp World Stock Down 2.7 %

The company has a market capitalization of $1.72 billion, a PE ratio of -51.05 and a beta of 2.30. The firm has a 50-day moving average of $12.63 and a two-hundred day moving average of $12.85.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors 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 1.78%. The ex-dividend date was Monday, November 18th. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Insider Activity at eXp World

In other eXp World news, CAO Jian Cheng sold 18,750 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $258,937.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $10.74, for a total value of $268,500.00. Following the completion of the sale, the chief executive officer now owns 40,122,450 shares of the company’s stock, valued at $430,915,113. This trade represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,736 shares of company stock worth $7,398,190. 28.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On eXp World

A number of large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of eXp World in the third quarter valued at about $30,000. Point72 DIFC Ltd purchased a new position in eXp World in the 2nd quarter valued at about $26,000. Point72 Hong Kong Ltd acquired a new stake in eXp World in the 3rd quarter worth about $34,000. IHT Wealth Management LLC purchased a new stake in eXp World during the 3rd quarter worth approximately $145,000. Finally, Everence Capital Management Inc. purchased a new stake in eXp World during the 3rd quarter worth approximately $153,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.