eXp World (NASDAQ:EXPI) Shares Up 10.1% – Here’s What Happened

eXp World Holdings, Inc. (NASDAQ:EXPI) shot up 10.1% during mid-day trading on Wednesday . The company traded as high as $11.57 and last traded at $11.55. 896,194 shares changed hands during 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 Performance

The stock has a market cap of $1.72 billion, a PE ratio of -51.05 and a beta of 2.30. The company’s 50-day moving average price is $12.63 and its 200 day moving average price is $12.85.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.05 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. eXp World’s dividend payout ratio is currently -90.91%.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $12.82, for a total value of $512,800.00. Following the sale, the chief executive officer now directly owns 40,629,780 shares of the company’s stock, valued at approximately $520,873,779.60. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Bramble sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $14.05, for a total transaction of $351,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 560,736 shares of company stock valued at $7,398,190 in the last quarter. Insiders own 28.85% of the company’s stock.

Institutional Investors Weigh In On eXp World

Several institutional investors and hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new position in eXp World in the 2nd quarter valued at about $26,000. Allspring Global Investments Holdings LLC purchased a new position in shares of eXp World in the third quarter valued at approximately $30,000. Point72 Hong Kong Ltd acquired a new position in shares of eXp World in the third quarter valued at approximately $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. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.