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 business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $15.00, for a total transaction of $18,765.00. Following the sale, the chief executive officer now owns 40,807,876 shares in the company, valued at approximately $612,118,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 value of $743,793.35.
• On Tuesday, September 3rd, Glenn Darrel Sanford sold 26,630 shares of eXp World stock. The shares were 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 stock was sold at an average price of $12.32, for a total transaction 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 stock was 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 opened at $14.03 on Friday. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11. The firm has a fifty day simple moving average of $12.99 and a 200-day simple moving average of $11.65. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -82.53 and a beta of 2.29.

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

eXp World Dividend Announcement

The firm also recently declared 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 of this dividend was Wednesday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. eXp World’s dividend payout ratio (DPR) is presently -117.65%.

Hedge Funds Weigh In On eXp World

Several large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new stake in shares of eXp World during the 2nd quarter worth approximately $26,000. Cim LLC raised its position in eXp World by 10.7% in the second quarter. Cim LLC now owns 33,308 shares of the technology company’s stock worth $390,000 after purchasing an additional 3,228 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in eXp World by 627.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,979 shares of the technology company’s stock worth $214,000 after purchasing an additional 16,370 shares during the period. Algert Global LLC boosted its holdings 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 purchasing an additional 87,766 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of eXp World by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,813 shares of the technology company’s stock valued at $494,000 after purchasing an additional 5,567 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. BTIG Research upgraded shares of eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. DA Davidson upped their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

eXp World Company Profile

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.