eXp World (NASDAQ:EXPI) Shares Down 6%

eXp World Holdings, Inc. (NASDAQ:EXPI) shares were down 6% during trading on Wednesday . The stock traded as low as $11.88 and last traded at $11.88. Approximately 184,016 shares traded hands during trading, a decline of 82% from the average daily volume of 1,036,156 shares. The stock had previously closed at $12.64.

Analyst Ratings Changes

Several research analysts have weighed in on EXPI shares. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. DA Davidson lifted their price objective on shares of 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 Trading Up 5.3 %

The business’s 50 day moving average price is $12.66 and its 200-day moving average price is $11.58.

eXp World (NASDAQ:EXPI) last released its earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business 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 business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. Research analysts predict that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s payout ratio is -117.64%.

Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 59,935 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.41, for a total transaction of $743,793.35. Following the transaction, the chief executive officer now directly owns 40,882,685 shares of the company’s stock, valued at approximately $507,354,120.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 558,990 shares of company stock valued at $7,092,815. 35.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On eXp World

A number of hedge funds and other institutional investors have recently modified their holdings of EXPI. Vanguard Group Inc. grew its holdings in shares of eXp World by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after acquiring an additional 107,303 shares during the period. Renaissance Technologies LLC grew its holdings in eXp World by 6.0% in the second quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock valued at $20,348,000 after purchasing an additional 101,600 shares during the last quarter. Millennium Management LLC increased its position in shares of eXp World by 91.7% in the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock valued at $15,544,000 after buying an additional 659,012 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of eXp World by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 710,428 shares of the technology company’s stock worth $8,017,000 after buying an additional 36,569 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.