Wealth Enhancement Advisory Services LLC Sells 3,367 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Wealth Enhancement Advisory Services LLC trimmed its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,953 shares of the technology company’s stock after selling 3,367 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in eXp World were worth $309,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EXPI. Point72 DIFC Ltd bought a new stake in eXp World in the second quarter worth $26,000. Meeder Asset Management Inc. bought a new position in shares of eXp World during the second quarter valued at $29,000. Allspring Global Investments Holdings LLC bought a new position in shares of eXp World during the third quarter valued at $30,000. nVerses Capital LLC lifted its holdings in shares of eXp World by 102.2% during the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Financial Advocates Investment Management bought a new position in shares of eXp World during the second quarter valued at $117,000. 27.17% of the stock is owned by institutional investors.

eXp World Stock Performance

EXPI stock opened at $14.02 on Monday. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $17.11. The business’s 50-day moving average is $13.34 and its two-hundred day moving average is $12.40. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -63.73 and a beta of 2.31.

eXp World Announces Dividend

The company 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, November 18th. eXp World’s dividend payout ratio is -90.91%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXPI. DA Davidson upped their price target on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a report on Thursday, August 1st. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd.

Insider Buying and Selling at eXp World

In other eXp World news, Director Randall D. Miles sold 30,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eXp World news, Director Randall D. Miles sold 30,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn Darrel Sanford sold 47,984 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.32, for a total value of $591,162.88. Following the completion of the transaction, the chief executive officer now directly owns 41,022,313 shares in the company, valued at approximately $505,394,896.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 606,938 shares of company stock valued at $8,057,261. 35.70% of the stock is owned by company insiders.

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.