eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) declared a quarterly dividend on Thursday, May 5th, Wall Street Journal reports. Stockholders of record on Monday, May 16th will be given a dividend of 0.04 per share by the technology company on Tuesday, May 31st. This represents a $0.16 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, May 13th.
eXp World has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Analysts expect eXp World to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 26.2%.
eXp World stock opened at $15.14 on Friday. eXp World has a one year low of $13.16 and a one year high of $55.43. The business has a fifty day moving average price of $20.21 and a 200-day moving average price of $29.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market capitalization of $2.26 billion, a P/E ratio of 27.53 and a beta of 3.14.
In other news, CEO Glenn Darrel Sanford sold 9,000 shares of the business’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $29.38, for a total value of $264,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jason Gesing sold 7,000 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $13.30, for a total transaction of $93,100.00. Following the transaction, the chief executive officer now owns 2,195,312 shares in the company, valued at approximately $29,197,649.60. The disclosure for this sale can be found here. Insiders have sold a total of 277,942 shares of company stock valued at $6,292,481 in the last ninety days. 35.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in shares of eXp World by 440.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,423 shares of the technology company’s stock worth $494,000 after purchasing an additional 10,124 shares in the last quarter. Citigroup Inc. boosted its stake in eXp World by 23.0% during the fourth quarter. Citigroup Inc. now owns 22,612 shares of the technology company’s stock worth $762,000 after buying an additional 4,224 shares during the period. Thrivent Financial for Lutherans grew its holdings in eXp World by 14.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 26,779 shares of the technology company’s stock valued at $902,000 after purchasing an additional 3,360 shares during the last quarter. Royal Bank of Canada grew its stake in shares of eXp World by 53.6% during the third quarter. Royal Bank of Canada now owns 23,359 shares of the technology company’s stock valued at $928,000 after buying an additional 8,149 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in eXp World by 84.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 28,628 shares of the technology company’s stock worth $964,000 after purchasing an additional 13,097 shares during the period. 54.70% of the stock is currently owned by institutional investors and hedge funds.
EXPI has been the subject of a number of recent research reports. William Blair restated a “market perform” rating on shares of eXp World in a report on Friday, February 25th. Zacks Investment Research lowered eXp World from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, DA Davidson reduced their price target on eXp World from $45.00 to $34.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.00.
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.
- Get a free copy of the StockNews.com research report on eXp World (EXPI)
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