eXp World (NASDAQ:EXPI) Shares Up 10.1% – What’s Next?

eXp World Holdings, Inc. (NASDAQ:EXPI)’s stock price shot up 10.1% during mid-day trading on Wednesday . The company traded as high as $11.57 and last traded at $11.55. 896,194 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 941,177 shares. The stock had previously closed at $10.49.

eXp World Stock Performance

The company has a 50 day moving average of $12.75 and a 200 day moving average of $12.87. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -51.45 and a beta of 2.30.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.77%. eXp World’s payout ratio is -90.91%.

Insider Buying and Selling

In other news, CEO Glenn Darrel Sanford sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $12.82, for a total transaction of $512,800.00. Following the sale, the chief executive officer now owns 40,629,780 shares of the company’s stock, valued at approximately $520,873,779.60. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $258,937.50. The disclosure for this sale can be found here. Insiders sold 560,736 shares of company stock worth $7,398,190 over the last 90 days. 35.70% of the stock is owned by insiders.

Institutional Investors Weigh In On eXp World

Several hedge funds and other institutional investors have recently bought and sold shares of EXPI. Point72 DIFC Ltd purchased a new position in shares of eXp World during the second quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of eXp World in the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new position in eXp World during the third quarter worth approximately $34,000. IHT Wealth Management LLC purchased a new stake in eXp World in the third quarter valued at approximately $145,000. Finally, Everence Capital Management Inc. purchased a new stake in eXp World in the third quarter valued at approximately $153,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.