eXp World (NASDAQ:EXPI) Trading 7.5% Higher - What's Next?

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) shares rose 7.5% on Friday . The company traded as high as $14.30 and last traded at $14.25. Approximately 366,040 shares changed hands during trading, a decline of 63% from the average daily volume of 1,000,438 shares. The stock had previously closed at $13.25.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price target on eXp World from $11.75 to $13.50 and gave the company a "neutral" rating in a research report on Thursday, August 1st.

eXp World Stock Up 8.2 %

The company has a market cap of $2.20 billion, a P/E ratio of -64.27 and a beta of 2.31. The business has a fifty day simple moving average of $13.59 and a two-hundred day simple moving average of $12.57.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, November 18th. eXp World's payout ratio is currently -90.91%.

Insider Transactions at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $12.72, for a total transaction of $636,000.00. Following the completion of the sale, the chief executive officer now owns 40,439,080 shares of the company's stock, valued at approximately $514,385,097.60. The trade was a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Randall D. Miles sold 30,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total value of $453,300.00. Following the sale, the director now directly owns 547,665 shares in the company, valued at $8,275,218.15. This represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 637,907 shares of company stock valued at $8,622,482. 35.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXPI. Sei Investments Co. lifted its position in eXp World by 13.3% during the 1st quarter. Sei Investments Co. now owns 98,877 shares of the technology company's stock worth $1,022,000 after acquiring an additional 11,612 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of eXp World by 25.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,613 shares of the technology company's stock valued at $265,000 after buying an additional 5,260 shares during the period. Vanguard Group Inc. boosted its stake in shares of eXp World by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company's stock valued at $125,093,000 after buying an additional 107,303 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in eXp World by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,126 shares of the technology company's stock valued at $663,000 after acquiring an additional 2,845 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of eXp World during the 1st quarter worth $138,000. Institutional investors and hedge funds 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.

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