Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $636,000.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction on Monday, November 18th. The stock was sold at an average price of $12.72, for a total transaction of $636,000.00. Following the sale, the chief executive officer now directly owns 40,439,080 shares in the company, valued at $514,385,097.60. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value 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 value 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 value 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 transaction 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 transaction of $536,400.00.
• On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was 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 stock was sold at an average price of $14.23, for a total value of $711,500.00.
• On Thursday, September 19th, Glenn Darrel Sanford sold 1,251 shares of eXp World stock. The shares were sold at an average price of $15.00, for a total value of $18,765.00.
• 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 value of $724,500.00.

eXp World Stock Up 0.1 %

EXPI opened at $12.84 on Thursday. The company’s 50-day moving average price is $13.58 and its 200 day moving average price is $12.57. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $17.11. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -58.36 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 given a dividend of $0.05 per share. 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 -90.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its stake in eXp World by 2.4% in the second 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 last quarter. Financial Advocates Investment Management increased its holdings in shares of eXp World by 9.6% in the 3rd quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock worth $160,000 after acquiring an additional 1,000 shares during the period. Amalgamated Bank lifted its position in eXp World by 6.1% in the 3rd quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock valued at $344,000 after purchasing an additional 1,412 shares during the last quarter. Olympiad Research LP boosted its stake in eXp World by 4.7% during the 3rd quarter. Olympiad Research LP now owns 38,846 shares of the technology company’s stock valued at $547,000 after purchasing an additional 1,734 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in eXp World by 8.0% in the 2nd 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 and hedge funds own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.