eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford Sells 200,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPIGet Rating) CEO Glenn Darrel Sanford sold 200,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $15.07, for a total transaction of $3,014,000.00. Following the transaction, the chief executive officer now owns 42,034,338 shares of the company’s stock, valued at approximately $633,457,473.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, July 22nd, Glenn Darrel Sanford sold 6,390 shares of eXp World stock. The stock was sold at an average price of $15.05, for a total transaction of $96,169.50.
  • On Wednesday, July 20th, Glenn Darrel Sanford sold 41,270 shares of eXp World stock. The stock was sold at an average price of $15.01, for a total transaction of $619,462.70.
  • On Thursday, June 2nd, Glenn Darrel Sanford sold 161,985 shares of eXp World stock. The stock was sold at an average price of $15.06, for a total transaction of $2,439,494.10.
  • On Thursday, May 5th, Glenn Darrel Sanford sold 9,000 shares of eXp World stock. The stock was sold at an average price of $15.15, for a total transaction of $136,350.00.

eXp World Trading Up 1.2 %

Shares of EXPI opened at $15.04 on Tuesday. The firm’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $18.67. The company has a market capitalization of $2.25 billion, a P/E ratio of 27.35 and a beta of 3.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.87 and a quick ratio of 2.87. eXp World Holdings, Inc. has a 1-year low of $11.06 and a 1-year high of $55.43.

eXp World (NASDAQ:EXPIGet Rating) last announced its earnings results on Wednesday, May 4th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $942.56 million. eXp World had a net margin of 2.03% and a return on equity of 41.05%. eXp World’s quarterly revenue was up 73.0% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. Sell-side analysts forecast that eXp World Holdings, Inc. will post 0.6 earnings per share for the current fiscal year.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, May 13th. eXp World’s dividend payout ratio (DPR) is presently 29.09%.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price target on shares of eXp World from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, June 24th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. ProShare Advisors LLC raised its stake in shares of eXp World by 13.7% during the second quarter. ProShare Advisors LLC now owns 22,399 shares of the technology company’s stock worth $264,000 after acquiring an additional 2,702 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of eXp World during the second quarter worth approximately $226,000. Russell Investments Group Ltd. raised its stake in shares of eXp World by 120.5% during the second quarter. Russell Investments Group Ltd. now owns 207,349 shares of the technology company’s stock worth $2,438,000 after acquiring an additional 113,313 shares in the last quarter. Versor Investments LP raised its stake in shares of eXp World by 284.4% during the second quarter. Versor Investments LP now owns 74,800 shares of the technology company’s stock worth $880,000 after acquiring an additional 55,343 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of eXp World during the second quarter worth approximately $225,000. 54.70% of the stock is owned by hedge funds and other institutional investors.

eXp World Company Profile

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eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.

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