eXp World Holdings, Inc. (NASDAQ:EXPI - Get Rating) major shareholder Penny Sanford sold 3,251 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $12.00, for a total transaction of $39,012.00. Following the transaction, the insider now owns 27,452,071 shares in the company, valued at $329,424,852. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Penny Sanford also recently made the following trade(s):
- On Friday, November 18th, Penny Sanford sold 8,721 shares of eXp World stock. The shares were sold at an average price of $12.08, for a total transaction of $105,349.68.
- On Wednesday, October 12th, Penny Sanford sold 60,000 shares of eXp World stock. The shares were sold at an average price of $12.28, for a total transaction of $736,800.00.
- On Thursday, September 15th, Penny Sanford sold 60,000 shares of eXp World stock. The stock was sold at an average price of $12.52, for a total value of $751,200.00.
eXp World Stock Performance
Shares of NASDAQ EXPI traded down $0.10 during trading on Monday, reaching $11.85. 742,848 shares of the company traded hands, compared to its average volume of 1,200,079. The stock has a market cap of $1.81 billion, a P/E ratio of 47.40 and a beta of 2.90. The firm's fifty day simple moving average is $12.05 and its 200 day simple moving average is $13.25. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.01. eXp World Holdings, Inc. has a 12-month low of $10.46 and a 12-month high of $38.70.
eXp World (NASDAQ:EXPI - Get Rating) last posted its earnings results on Wednesday, November 2nd. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). eXp World had a net margin of 0.80% and a return on equity of 15.52%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.40 billion. As a group, research analysts anticipate that eXp World Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.
eXp World Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, November 10th. This is a positive change from eXp World's previous quarterly dividend of $0.04. eXp World's payout ratio is currently 72.00%.
Hedge Funds Weigh In On eXp World
Hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. raised its position in eXp World by 305.2% during the second quarter. Federated Hermes Inc. now owns 3,590 shares of the technology company's stock worth $42,000 after acquiring an additional 2,704 shares during the period. First Horizon Advisors Inc. raised its position in shares of eXp World by 1,286.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,616 shares of the technology company's stock worth $53,000 after purchasing an additional 4,283 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in eXp World in the 3rd quarter valued at about $55,000. Tower Research Capital LLC TRC boosted its holdings in eXp World by 65.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,375 shares of the technology company's stock worth $60,000 after buying an additional 2,136 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in eXp World by 393.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,215 shares of the technology company's stock worth $81,000 after buying an additional 5,753 shares in the last quarter. Hedge funds and other institutional investors own 59.54% of the company's stock.
Analysts Set New Price Targets
Separately, DA Davidson reduced their price target on shares of eXp World from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, November 3rd.
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 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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