eXp World (NASDAQ:EXPI) Trading 10.1% Higher – Should You Buy?

eXp World Holdings, Inc. (NASDAQ:EXPI) shot up 10.1% during trading on Wednesday . The company traded as high as $11.57 and last traded at $11.55. 896,194 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 941,177 shares. The stock had previously closed at $10.49.

eXp World Stock Up 7.9 %

The business’s fifty day moving average price is $12.75 and its 200 day moving average price is $12.87. The firm has a market capitalization of $1.74 billion, a PE ratio of -51.45 and a beta of 2.30.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, November 18th. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 40,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $12.88, for a total transaction of $515,200.00. Following the transaction, the chief executive officer now owns 40,589,780 shares of the company’s stock, valued at $522,796,366.40. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Bramble sold 25,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $14.05, for a total value of $351,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 560,736 shares of company stock worth $7,398,190 in the last three months. Insiders own 35.70% of the company’s stock.

Hedge Funds Weigh In On eXp World

A number of 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 about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of eXp World during the 3rd quarter valued at approximately $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of eXp World during the 3rd quarter worth approximately $34,000. IHT Wealth Management LLC acquired a new stake in shares of eXp World in the 3rd quarter worth approximately $145,000. Finally, Everence Capital Management Inc. purchased a new position in eXp World in the 3rd quarter valued at approximately $153,000. 27.17% of the stock is owned by institutional investors and hedge funds.

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.