Exp World (NASDAQ:EXPI) Major Shareholder Penny Sanford Sells 117,179 Shares of Stock

Exp World Holdings, Inc. (NASDAQ:EXPI) major shareholder Penny Sanford sold 117,179 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $12.04, for a total transaction of $1,410,835.16. Following the completion of the transaction, the insider directly owned 26,731,114 shares in the company, valued at $321,842,612.56. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Exp World Price Performance

Shares of EXPI opened at $11.50 on Thursday. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.45. The stock has a market cap of $1.83 billion, a PE ratio of -95.83 and a beta of 2.04. The firm has a fifty day moving average price of $10.79 and a 200 day moving average price of $10.11.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.20 annualized dividend and a yield of 1.7%. Exp World’s payout ratio is -166.67%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXPI. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a report on Tuesday. Zacks Research downgraded shares of Exp World from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.00.

Institutional Trading of Exp World

Several hedge funds and other institutional investors have recently made changes to their positions in EXPI. Vanguard Group Inc. increased its position in Exp World by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock worth $143,084,000 after purchasing an additional 1,557,600 shares during the period. Bank of America Corp DE grew its holdings in Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after acquiring an additional 1,391,582 shares during the period. Nuveen LLC acquired a new position in Exp World during the first quarter worth $5,523,000. Millennium Management LLC raised its position in Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after acquiring an additional 506,121 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Exp World by 55.8% in the second quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after acquiring an additional 421,740 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.