eXp World (NASDAQ:EXPI) Trading Down 6.2% – Should You Sell?

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

eXp World Trading Down 2.0 %

The business has a fifty day simple moving average of $13.30 and a 200 day simple moving average of $12.81. The stock has a market capitalization of $1.81 billion, a P/E ratio of -53.73 and a beta of 2.27.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, November 18th. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Insider Transactions at eXp World

In other news, insider James Bramble sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total transaction of $351,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction that occurred 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 approximately $506,634,408. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 594,106 shares of company stock worth $8,028,028 in the last quarter. 28.85% of the stock is currently owned by corporate insiders.

Institutional Trading of eXp World

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its position in eXp World by 91.7% during the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after purchasing an additional 659,012 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in eXp World by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock worth $18,153,000 after buying an additional 183,823 shares during the period. Algert Global LLC grew its stake in eXp World by 147.6% in the 3rd quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock valued at $4,172,000 after buying an additional 176,509 shares in the last quarter. FMR LLC raised its holdings in eXp World by 4,338.7% during the 3rd quarter. FMR LLC now owns 123,885 shares of the technology company’s stock valued at $1,746,000 after acquiring an additional 121,094 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of eXp World by 5.6% during the third quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock worth $31,161,000 after acquiring an additional 118,210 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

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.