eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford Sells 25,000 Shares

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) CEO Glenn Darrel Sanford sold 25,000 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $10.37, for a total transaction of $259,250.00. Following the completion of the sale, the chief executive officer now directly owns 39,803,400 shares in the company, valued at approximately $412,761,258. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, March 17th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $9.76, for a total value of $244,000.00.
• On Monday, March 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $9.76, for a total value of $244,000.00.
• On Monday, March 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.04, for a total value of $251,000.00.
• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.21, for a total transaction of $255,250.00.
• On Tuesday, February 18th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.02, for a total transaction of $275,500.00.
• On Monday, February 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.96, for a total transaction of $274,000.00.
• On Monday, February 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.94, for a total transaction of $273,500.00.
• On Tuesday, January 28th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.59, for a total transaction of $289,750.00.
• On Tuesday, January 21st, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.44, for a total value of $286,000.00.
• On Monday, January 13th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.74, for a total value of $268,500.00.

eXp World Stock Performance

Shares of eXp World stock traded down $0.27 during trading hours on Friday, reaching $9.97. The company's stock had a trading volume of 715,160 shares, compared to its average volume of 1,028,099. The stock's fifty day simple moving average is $10.56 and its two-hundred day simple moving average is $12.18. The company has a market capitalization of $1.52 billion, a P/E ratio of -71.21 and a beta of 2.33. eXp World Holdings, Inc. has a one year low of $9.20 and a one year high of $15.39.

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eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. As a group, research analysts forecast that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 2.01%. eXp World's dividend payout ratio (DPR) is currently -142.86%.

Institutional Investors Weigh In On eXp World

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of eXp World by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company's stock worth $140,834,000 after acquiring an additional 208,920 shares in the last quarter. Pacer Advisors Inc. purchased a new position in eXp World during the fourth quarter worth about $60,767,000. State Street Corp grew its position in eXp World by 4.1% in the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company's stock worth $42,019,000 after purchasing an additional 117,418 shares in the last quarter. Geode Capital Management LLC increased its stake in eXp World by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company's stock valued at $25,553,000 after buying an additional 8,486 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of eXp World by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 2,024,116 shares of the technology company's stock worth $23,298,000 after buying an additional 40,400 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a "neutral" rating and set a $13.50 target price on shares of eXp World in a research report on Friday, February 21st.

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.