eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford Sells 1,251 Shares

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 1,251 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $15.00, for a total transaction of $18,765.00. Following the sale, the chief executive officer now directly owns 40,807,876 shares in the company, valued at approximately $612,118,140. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, September 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.49, for a total value of $724,500.00.
• On Tuesday, September 10th, Glenn Darrel Sanford sold 59,935 shares of eXp World stock. The shares were sold at an average price of $12.41, for a total value of $743,793.35.
• On Tuesday, September 3rd, Glenn Darrel Sanford sold 26,630 shares of eXp World stock. The stock was sold at an average price of $11.82, for a total transaction of $314,766.60.
• On Tuesday, August 27th, Glenn Darrel Sanford sold 44,616 shares of eXp World stock. The stock was sold at an average price of $12.98, for a total transaction of $579,115.68.
• On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The stock was sold at an average price of $12.32, for a total value of $591,162.88.
• On Tuesday, August 13th, Glenn Darrel Sanford sold 46,047 shares of eXp World stock. The stock was sold at an average price of $12.05, for a total value of $554,866.35.
• On Tuesday, August 6th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $12.33, for a total value of $616,500.00.
• On Monday, July 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $14.48, for a total transaction of $579,200.00.
• On Monday, July 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.79, for a total transaction of $551,600.00.
• On Wednesday, July 17th, Glenn Darrel Sanford sold 55,538 shares of eXp World stock. The stock was sold at an average price of $14.29, for a total transaction of $793,638.02.

eXp World Price Performance

NASDAQ:EXPI opened at $14.03 on Friday. The company’s 50-day moving average is $12.99 and its two-hundred day moving average is $11.66. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -82.53 and a beta of 2.30.

eXp World (NASDAQ:EXPI) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company earned $0.06 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that eXp World Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

eXp World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.43%. eXp World’s dividend payout ratio (DPR) is presently -117.65%.

Institutional Trading of eXp World

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in eXp World during the 2nd quarter worth about $26,000. Cim LLC boosted its stake in shares of eXp World by 10.7% in the second quarter. Cim LLC now owns 33,308 shares of the technology company’s stock valued at $390,000 after purchasing an additional 3,228 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of eXp World by 627.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,979 shares of the technology company’s stock valued at $214,000 after purchasing an additional 16,370 shares in the last quarter. Algert Global LLC increased its stake in eXp World by 275.9% during the 2nd quarter. Algert Global LLC now owns 119,576 shares of the technology company’s stock worth $1,349,000 after buying an additional 87,766 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in eXp World by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,813 shares of the technology company’s stock worth $494,000 after buying an additional 5,567 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EXPI. DA Davidson increased their price target on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a report on Thursday, August 1st. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd.

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.