Exp World Holdings, Inc. (NASDAQ:EXPI) Director Sells $13,325.00 in Stock

Key Points

• Director Randall D. Miles sold 1,300 shares of Exp World Holdings, Inc. for a total value of $13,325, resulting in a 0.24% decrease in his direct ownership to 535,890 shares.
• The company's stock dropped 2.1% to $9.75, with a market cap of $1.53 billion and a price-to-earnings ratio of -48.75.
• Exp World announced a quarterly dividend of $0.05 per share, with a yield of 2.1% and a dividend payout ratio of -100.00%.

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) Director Randall D. Miles sold 1,300 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $10.25, for a total value of $13,325.00. Following the completion of the transaction, the director directly owned 535,890 shares in the company, valued at approximately $5,492,872.50. This represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Exp World Stock Down 2.1%

NASDAQ EXPI traded down $0.21 on Monday, reaching $9.75. The company had a trading volume of 802,550 shares, compared to its average volume of 1,166,396. The stock's 50 day moving average is $9.72 and its 200-day moving average is $9.61. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -48.75 and a beta of 2.52. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. As a group, analysts forecast that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Exp World's dividend payout ratio (DPR) is presently -100.00%.

Institutional Trading of Exp World

A number of hedge funds have recently made changes to their positions in EXPI. LPL Financial LLC increased its stake in Exp World by 6.4% during the 4th quarter. LPL Financial LLC now owns 52,075 shares of the technology company's stock worth $599,000 after acquiring an additional 3,149 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Exp World by 39.7% during the 4th quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock valued at $8,369,000 after acquiring an additional 206,677 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Exp World by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company's stock worth $25,553,000 after buying an additional 8,486 shares during the period. Wells Fargo & Company MN lifted its holdings in Exp World by 14.1% during the 4th quarter. Wells Fargo & Company MN now owns 70,820 shares of the technology company's stock worth $815,000 after buying an additional 8,749 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Exp World by 0.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 428,412 shares of the technology company's stock worth $4,931,000 after buying an additional 2,706 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 price objective on Exp World and gave the stock a "buy" rating in a research note on Friday, July 11th.

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.

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