eXp World (NASDAQ:EXPI) Shares Down 6.2% – What’s Next?

Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) traded down 6.2% during mid-day trading on Monday . The stock traded as low as $12.01 and last traded at $12.01. 362,692 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 1,025,921 shares. The stock had previously closed at $12.81.

eXp World Stock Performance

The company has a 50 day moving average of $13.32 and a 200-day moving average of $12.80. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -54.36 and a beta of 2.26.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 1.67%. eXp World’s dividend payout ratio (DPR) is -90.91%.

Insider Buying and Selling

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $12.60, for a total value of $630,000.00. Following the completion of the transaction, the chief executive officer now owns 40,209,080 shares in the company, valued at $506,634,408. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James Bramble sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $14.05, for a total value of $351,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 644,106 shares of company stock worth $8,739,528. Company insiders own 35.70% of the company’s stock.

Institutional Trading of eXp World

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new stake in shares of eXp World in the second quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in eXp World during the 2nd quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC acquired a new stake in eXp World during the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd purchased a new position in shares of eXp World in the 3rd quarter valued at approximately $34,000. Finally, nVerses Capital LLC increased its holdings in shares of eXp World by 102.2% in 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 during the period. Institutional investors and hedge funds 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.