Vestcor Inc Sells 58,798 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Vestcor Inc lessened its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 76.3% in the third quarter, HoldingsChannel reports. The fund owned 18,262 shares of the technology company’s stock after selling 58,798 shares during the period. Vestcor Inc’s holdings in eXp World were worth $257,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXPI. Point72 DIFC Ltd bought a new stake in shares of eXp World in the second quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in shares of eXp World in the 2nd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new position in shares of eXp World during the third quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new position in shares of eXp World during the third quarter valued at approximately $34,000. Finally, nVerses Capital LLC lifted its stake in eXp World by 102.2% in the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock worth $103,000 after acquiring an additional 4,600 shares during the period. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other eXp World news, CAO Jian Cheng sold 18,750 shares of eXp World stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $258,937.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.00, for a total value of $650,000.00. Following the completion of the sale, the chief executive officer now directly owns 40,289,080 shares in the company, valued at approximately $523,758,040. This represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 675,357 shares of company stock valued at $9,306,093 over the last three months. Corporate insiders own 35.70% of the company’s stock.

eXp World Stock Down 0.2 %

NASDAQ:EXPI opened at $12.86 on Friday. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $17.11. The stock has a market cap of $1.97 billion, a P/E ratio of -58.45 and a beta of 2.26. The firm’s fifty day simple moving average is $13.42 and its 200 day simple moving average is $12.72.

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, November 18th. eXp World’s dividend payout ratio is currently -90.91%.

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.