Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 50,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the completion of the sale, the chief executive officer now owns 40,389,080 shares in the company, valued at approximately $582,006,642.80. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 18th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.72, for a total transaction of $636,000.00.
• On Tuesday, November 12th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.48, for a total transaction of $724,000.00.
• On Tuesday, November 5th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.11, for a total transaction of $705,500.00.
• On Tuesday, October 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $12.88, for a total transaction of $515,200.00.
• On Tuesday, October 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $12.82, for a total transaction of $512,800.00.
• On Tuesday, October 15th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.28, for a total transaction of $531,200.00.
• On Tuesday, October 8th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.41, for a total transaction of $536,400.00.
• On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.93, for a total transaction of $557,200.00.
• On Tuesday, September 24th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.23, for a total transaction of $711,500.00.
• On Thursday, September 19th, Glenn Darrel Sanford sold 1,251 shares of eXp World stock. The shares were sold at an average price of $15.00, for a total transaction of $18,765.00.

eXp World Trading Up 1.5 %

Shares of EXPI stock opened at $14.08 on Thursday. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $17.11. The stock has a market cap of $2.16 billion, a P/E ratio of -64.00 and a beta of 2.31. The company has a 50 day simple moving average of $13.56 and a two-hundred day simple moving average of $12.63.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.42%. eXp World’s dividend payout ratio is currently -90.91%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upped their target price on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a report on Thursday, August 1st.

Institutional Trading of eXp World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in shares of eXp World by 91.7% in the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after purchasing an additional 659,012 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of eXp World by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock worth $18,153,000 after purchasing an additional 183,823 shares in the last quarter. Algert Global LLC increased its stake in shares of eXp World by 147.6% in the third quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock worth $4,172,000 after purchasing an additional 176,509 shares in the last quarter. FMR LLC increased its stake in shares of eXp World by 4,338.7% in the third quarter. FMR LLC now owns 123,885 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 121,094 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of eXp World by 5.6% in the third quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock worth $31,161,000 after purchasing an additional 118,210 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

About eXp World

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.