eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) major shareholder Penny Sanford sold 60,000 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $12.52, for a total value of $751,200.00. Following the completion of the sale, the insider now directly owns 27,524,043 shares in the company, valued at approximately $344,601,018.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 stock was sold at an average price of $16.60, for a total value of $996,000.00.
• On Thursday, July 21st, Penny Sanford sold 60,000 shares of eXp World stock. The stock was sold at an average price of $14.64, for a total value of $878,400.00.

eXp World Stock Performance

Shares of EXPI stock traded down $0.39 during midday trading on Friday, hitting $12.09. The company had a trading volume of 1,309,476 shares, compared to its average volume of 1,211,013. The company's 50 day simple moving average is $14.48 and its 200 day simple moving average is $16.01. eXp World Holdings, Inc. has a 52-week low of $11.06 and a 52-week high of $55.43. The stock has a market cap 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 current ratio of 2.58 and a quick ratio of 2.58.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Friday, August 12th were issued a $0.04 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.16 annualized dividend and a dividend yield of 1.32%. eXp World's dividend payout ratio is currently 48.65%.

Institutional Trading of eXp World

Several hedge funds have recently modified their holdings of EXPI. Sigma Planning Corp raised its holdings in eXp World by 2.0% during the second quarter. Sigma Planning Corp now owns 35,332 shares of the technology company's stock worth $416,000 after purchasing an additional 687 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of eXp World by 6.9% in the first quarter. Teacher Retirement System of Texas now owns 13,767 shares of the technology company's stock worth $291,000 after acquiring an additional 894 shares during the last quarter. Covestor Ltd acquired a new position in shares of eXp World in the fourth quarter worth $30,000. American International Group Inc. raised its holdings in shares of eXp World by 3.0% in the second quarter. American International Group Inc. now owns 32,112 shares of the technology company's stock worth $378,000 after acquiring an additional 945 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of eXp World by 7.4% in the second quarter. Strs Ohio now owns 16,000 shares of the technology company's stock worth $188,000 after acquiring an additional 1,100 shares during the last quarter. 59.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on 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

(Get Rating)

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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