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

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

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 stock was sold at an average price of $14.49, for a total transaction 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 transaction 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 value 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 value of $579,115.68.
• On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The shares were 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 shares were sold at an average price of $12.05, for a total transaction 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 transaction 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 value 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 value of $793,638.02.

eXp World Trading Down 4.8 %

Shares of eXp World stock traded down $0.70 during trading hours on Friday, reaching $14.03. 2,577,620 shares of the company’s stock were exchanged, compared to its average volume of 1,051,447. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11. The company has a fifty day moving average of $12.99 and a 200-day moving average of $11.66. 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 announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that eXp World Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. eXp World’s payout ratio is -117.65%.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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