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EXp World Holdings, Inc. (NASDAQ:EXPI) Major Shareholder Penny Sanford Sells 60,000 Shares

Financial News Live · Sep 16, 2022 17:42

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):

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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 (NASDAQ:EXPI – Get Rating) last announced its earnings results on Wednesday, August 3rd. The technology company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.11). eXp World had a net margin of 1.25% and a return on equity of 25.15%. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company's revenue for the quarter was up 41.5% compared to the same quarter last year. Research analysts anticipate that eXp World Holdings, Inc. will post 0.32 earnings per share for the current fiscal year.

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

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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.