eXp World (NASDAQ:EXPI) Trading Up 7.5% – Should You Buy?

Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) traded up 7.5% on Friday . The company traded as high as $14.30 and last traded at $14.25. 366,040 shares traded hands during trading, a decline of 63% from the average session volume of 1,000,438 shares. The stock had previously closed at $13.25.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

eXp World Stock Performance

The stock’s 50 day simple moving average is $13.58 and its 200 day simple moving average is $12.59. The firm has a market cap of $2.16 billion, a P/E ratio of -63.86 and a beta of 2.31.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. eXp World’s dividend payout ratio is presently -90.91%.

Insider Activity at eXp World

In other news, Director Randall D. Miles sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total value of $453,300.00. Following the completion of the sale, the director now owns 547,665 shares in the company, valued at $8,275,218.15. This represents a 5.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Glenn Darrel Sanford sold 44,616 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $12.98, for a total transaction of $579,115.68. Following the transaction, the chief executive officer now directly owns 40,975,681 shares in the company, valued at $531,864,339.38. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 637,907 shares of company stock valued at $8,622,482. 35.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eXp World

A number of institutional investors have recently added to or reduced their stakes in EXPI. Vanguard Group Inc. grew its holdings in shares of eXp World by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock valued at $125,093,000 after acquiring an additional 107,303 shares in the last quarter. CWA Asset Management Group LLC bought a new position in eXp World in the 3rd quarter valued at $519,000. Harbor Capital Advisors Inc. increased its position in shares of eXp World by 91.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock valued at $1,642,000 after purchasing an additional 55,814 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eXp World by 29.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company’s stock worth $2,709,000 after purchasing an additional 55,031 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of eXp World by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock worth $20,348,000 after buying an additional 101,600 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

eXp World Company Profile

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.