Glenn Darrel Sanford Sells 40,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) CEO Glenn Darrel Sanford sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $13.28, for a total transaction of $531,200.00. Following the completion of the transaction, the chief executive officer now directly owns 40,669,780 shares of the company's stock, valued at approximately $540,094,678.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, October 8th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.41, for a total value of $536,400.00.
• On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.93, for a total value 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 transaction of $18,765.00.
• On Tuesday, September 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were 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 stock was sold at an average price of $12.41, for a total transaction 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 shares were sold at an average price of $12.32, for a total value of $591,162.88.
• On Tuesday, August 13th, Glenn Darrel Sanford sold 46,047 shares of eXp World stock. The stock was sold at an average price of $12.05, for a total value of $554,866.35.

eXp World Stock Performance

NASDAQ EXPI remained flat at $13.15 during trading hours on Tuesday. The company had a trading volume of 582,648 shares, compared to its average volume of 1,028,724. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -77.35 and a beta of 2.30. The firm has a fifty day moving average of $12.98 and a 200-day moving average of $12.01. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $17.11.

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

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.52%. The ex-dividend date was Wednesday, August 14th. eXp World's dividend payout ratio (DPR) is currently -117.65%.

Analyst Upgrades and Downgrades

EXPI has been the topic of a number of recent analyst reports. DA Davidson boosted their price target on shares of eXp World from $11.75 to $13.50 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. BTIG Research raised shares of eXp World from a "sell" rating to a "neutral" rating in a research note on Tuesday, July 23rd.

Hedge Funds Weigh In On eXp World

A number of institutional investors and hedge funds have recently made changes to their positions in EXPI. Nordea Investment Management AB raised its stake in eXp World by 49.3% during the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company's stock worth $4,326,000 after buying an additional 136,151 shares during the period. Quantbot Technologies LP grew its position in eXp World by 551.7% in the 1st quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company's stock valued at $934,000 after purchasing an additional 76,536 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in eXp World during the 1st quarter valued at $469,000. Allspring Global Investments Holdings LLC lifted its stake in shares of eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company's stock valued at $124,000 after buying an additional 10,195 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of eXp World during the first quarter valued at about $578,000. 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.