eXp World Holdings, Inc. (NASDAQ:EXPI) CAO Jian Cheng Sells 18,750 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $258,937.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

eXp World Trading Up 2.4 %

Shares of NASDAQ:EXPI opened at $14.39 on Tuesday. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.11. The company’s 50 day moving average is $13.58 and its two-hundred day moving average is $12.61. The company has a market cap of $2.21 billion, a PE ratio of -65.41 and a beta of 2.31.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, November 18th. eXp World’s dividend payout ratio is presently -90.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXPI. Point72 DIFC Ltd purchased a new stake in eXp World during the second quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in eXp World during the second quarter worth approximately $29,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of eXp World during the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd acquired a new position in shares of eXp World in the 3rd quarter valued at $34,000. Finally, nVerses Capital LLC grew its position in shares of eXp World by 102.2% in the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after buying an additional 4,600 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson increased 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 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.