eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report)’s share price dropped 4.4% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $11.35 and last traded at $11.24. Approximately 83,262 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 944,201 shares. The stock had previously closed at $11.76.
Specifically, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $11.59, for a total value of $289,750.00. Following the sale, the chief executive officer now directly owns 40,072,450 shares of the company’s stock, valued at approximately $464,439,695.50. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
eXp World Trading Down 4.5 %
The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -51.05 and a beta of 2.30. The company’s fifty day moving average is $12.27 and its two-hundred day moving average is $12.88.
eXp World Dividend Announcement
Hedge Funds Weigh In On eXp World
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in eXp World by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock worth $7,333,000 after purchasing an additional 75,431 shares during the period. CWA Asset Management Group LLC purchased a new stake in eXp World during the 3rd quarter worth approximately $519,000. Harbor Capital Advisors Inc. lifted its holdings in eXp World by 91.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock worth $1,642,000 after buying an additional 55,814 shares in the last quarter. State Street Corp boosted its position in eXp World by 4.1% in the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock valued at $42,019,000 after buying an additional 117,418 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of eXp World by 29.7% in the second quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company’s stock worth $2,709,000 after acquiring an additional 55,031 shares in the last quarter. 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.
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