eXp World Holdings, Inc. (NASDAQ:EXPI) Major Shareholder Penny Sanford Sells 60,000 Shares

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) major shareholder Penny Sanford sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $12.18, for a total value of $730,800.00. Following the completion of the sale, the insider now owns 27,164,043 shares in the company, valued at $330,858,043.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Penny Sanford also recently made the following trade(s):

• On Friday, February 17th, Penny Sanford sold 60,000 shares of eXp World stock. The shares were sold at an average price of $14.83, for a total value of $889,800.00.
• On Thursday, January 19th, Penny Sanford sold 60,000 shares of eXp World stock. The stock was sold at an average price of $13.05, for a total value of $783,000.00.
• On Tuesday, January 10th, Penny Sanford sold 7,343 shares of eXp World stock. The stock was sold at an average price of $12.00, for a total value of $88,116.00.

eXp World Stock Down 1.3 %

NASDAQ:EXPI opened at $11.85 on Friday. The stock’s fifty day moving average price is $13.84 and its two-hundred day moving average price is $12.69. eXp World Holdings, Inc. has a 52-week low of $9.96 and a 52-week high of $26.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 118.51 and a beta of 2.75.

eXp World (NASDAQ:EXPI – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). eXp World had a return on equity of 6.13% and a net margin of 0.34%. The firm had revenue of $933.40 million for the quarter, compared to analyst estimates of $1.05 billion. On average, analysts anticipate that eXp World Holdings, Inc. will post 0.22 EPS for the current year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Monday, March 13th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, March 10th. eXp World’s dividend payout ratio is 180.02%.

Analyst Upgrades and Downgrades

EXPI has been the topic of a number of research analyst reports. William Blair restated a “market perform” rating on shares of eXp World in a research report on Wednesday, March 1st. DA Davidson decreased their price target on eXp World from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, March 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in eXp World by 305.2% during the 2nd quarter. Federated Hermes Inc. now owns 3,590 shares of the technology company’s stock worth $42,000 after buying an additional 2,704 shares in the last quarter. Duality Advisers LP acquired a new position in eXp World during the 3rd quarter worth $1,045,000. Copeland Capital Management LLC lifted its stake in shares of eXp World by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 2,510,389 shares of the technology company’s stock valued at $28,141,000 after purchasing an additional 16,838 shares during the period. TD Asset Management Inc. lifted its stake in shares of eXp World by 35.2% in the 3rd quarter. TD Asset Management Inc. now owns 718,426 shares of the technology company’s stock valued at $7,953,000 after purchasing an additional 187,197 shares during the period. Finally, Capital Wealth Alliance LLC acquired a new position in shares of eXp World in the 2nd quarter valued at $11,601,000. Institutional investors and hedge funds own 56.58% of the company’s stock.

eXp World Company Profile

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eXp World Holdings, Inc operates as a cloud-based real estate brokerage firm. It focuses on the development and use of cloud-based technologies in order to grow an international brokerage without the burden of physical brick and mortar offices and redundant staffing costs. The firm offers software subscriptions to customers to access its virtual reality software platform through VirBELA.