Glenn Darrel Sanford Sells 20,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 20,000 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $11.12, for a total value of $222,400.00. Following the sale, the chief executive officer now owns 41,454,292 shares in the company, valued at $460,971,727.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, July 1st, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The stock was sold at an average price of $10.74, for a total value of $214,800.00.
• On Monday, June 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.62, for a total value of $265,500.00.
• On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The shares were sold at an average price of $12.02, for a total value of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.92, for a total value of $273,000.00.
• On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.05, for a total value of $276,250.00.

eXp World Stock Up 4.4 %

EXPI stock opened at $12.17 on Friday. The business’s fifty day moving average is $11.33 and its 200-day moving average is $11.72. The company has a market cap of $1.88 billion, a P/E ratio of -71.58 and a beta of 2.34. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $25.39.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. Research analysts anticipate that eXp World Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s payout ratio is presently -117.64%.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated an “underperform” rating and issued a $11.75 price objective on shares of eXp World in a research report on Thursday, May 2nd.

Institutional Trading of eXp World

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in eXp World by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after buying an additional 107,303 shares during the period. Copeland Capital Management LLC raised its stake in eXp World by 6.4% during the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock worth $60,011,000 after buying an additional 232,321 shares during the period. Charles Schwab Investment Management Inc. raised its stake in eXp World by 12.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock worth $13,621,000 after buying an additional 93,810 shares during the period. Norges Bank acquired a new stake in eXp World during the 4th quarter worth $7,141,000. Finally, 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. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.