Penny Sanford Sells 60,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

Posted by Defense World Staff on Jan 22nd, 2023

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) major shareholder Penny Sanford sold 60,000 shares of eXp World stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $13.05, for a total transaction of $783,000.00. Following the completion of the transaction, the insider now owns 27,284,043 shares of the company’s stock, valued at $356,056,761.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Penny Sanford also recently made the following trade(s):

On Tuesday, January 10th, Penny Sanford sold 7,343 shares of eXp World stock. The shares were sold at an average price of $12.00, for a total transaction of $88,116.00.
On Monday, November 28th, Penny Sanford sold 3,251 shares of eXp World stock. The shares were sold at an average price of $12.00, for a total transaction of $39,012.00.
On Friday, November 18th, Penny Sanford sold 8,721 shares of eXp World stock. The shares were sold at an average price of $12.08, for a total transaction of $105,349.68.

eXp World Stock Up 6.2 %

Shares of NASDAQ:EXPI opened at $13.85 on Friday. eXp World Holdings, Inc. has a 52-week low of $9.96 and a 52-week high of $30.45. The firm has a fifty day moving average of $12.09 and a 200 day moving average of $12.94. The firm has a market capitalization of $2.11 billion, a PE ratio of 55.40 and a beta of 2.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.41 and a current ratio of 2.41.

eXp World (NASDAQ:EXPI – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.40 billion. eXp World had a return on equity of 15.52% and a net margin of 0.80%. As a group, research analysts anticipate that eXp World Holdings, Inc. will post 0.13 EPS for the current fiscal year.

eXp World Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 1.30%. This is an increase from eXp World’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, November 10th. eXp World’s dividend payout ratio is 72.00%.

Hedge Funds Weigh In On eXp World

Several hedge funds and other institutional investors have recently modified their holdings of the company. Copeland Capital Management LLC raised its stake in shares of eXp World by 43.0% during the fourth quarter. Copeland Capital Management LLC now owns 3,588,698 shares of the technology company’s stock valued at $39,763,000 after acquiring an additional 1,078,309 shares during the last quarter. Capital Impact Advisors LLC grew its holdings in eXp World by 9.4% in the third quarter. Capital Impact Advisors LLC now owns 36,636 shares of the technology company’s stock worth $440,000 after purchasing an additional 3,144 shares during the period. Captrust Financial Advisors grew its holdings in eXp World by 64.1% in the third quarter. Captrust Financial Advisors now owns 10,995 shares of the technology company’s stock worth $123,000 after purchasing an additional 4,296 shares during the period. Neuberger Berman Group LLC increased its stake in shares of eXp World by 6.6% during the third quarter. Neuberger Berman Group LLC now owns 17,981 shares of the technology company’s stock valued at $201,000 after purchasing an additional 1,121 shares in the last quarter. Finally, State Street Corp increased its stake in shares of eXp World by 3.2% during the third quarter. State Street Corp now owns 1,333,131 shares of the technology company’s stock valued at $14,944,000 after purchasing an additional 41,701 shares in the last quarter. 56.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson reduced their price target on shares of eXp World from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd.

About eXp World

(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.