eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) major shareholder Penny Sanford sold 60,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $12.52, for a total transaction of $751,200.00. Following the sale, the insider now owns 27,524,043 shares in the company, valued at approximately $344,601,018.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Penny Sanford also recently made the following trade(s):
- On Wednesday, August 17th, Penny Sanford sold 60,000 shares of eXp World stock. The shares were sold at an average price of $16.60, for a total transaction of $996,000.00.
- On Thursday, July 21st, Penny Sanford sold 60,000 shares of eXp World stock. The shares were sold at an average price of $14.64, for a total transaction of $878,400.00.
eXp World Stock Performance
Shares of NASDAQ EXPI traded down $0.39 during midday trading on Friday, hitting $12.09. 1,309,476 shares of the company’s stock traded hands, compared to its average volume of 1,211,013. eXp World Holdings, Inc. has a 1 year low of $11.06 and a 1 year high of $55.43. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 33.73 and a beta of 3.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a fifty day moving average of $14.48 and a 200 day moving average of $16.01.
eXp World (NASDAQ:EXPI – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.11). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. eXp World had a net margin of 1.25% and a return on equity of 25.15%. eXp World’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. On average, analysts forecast that eXp World Holdings, Inc. will post 0.32 earnings per share for the current year.
eXp World Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Friday, August 12th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.32%. eXp World’s dividend payout ratio (DPR) is presently 48.65%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPI. Covestor Ltd bought a new position in shares of eXp World during the 4th quarter valued at approximately $30,000. Fieldpoint Private Securities LLC bought a new position in shares of eXp World during the 1st quarter valued at approximately $41,000. Federated Hermes Inc. raised 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 valued at $42,000 after buying an additional 2,704 shares during the period. First Horizon Advisors Inc. raised its holdings in 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 valued at $53,000 after buying an additional 4,283 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in eXp World during the 4th quarter valued at $94,000. 59.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, DA Davidson dropped their price target on shares of eXp World from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th.
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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Read More: Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) Major Shareholder Sells 60,000