eXp World (NASDAQ:EXPI) Shares Up 7.5% – Here’s What Happened

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

Analysts Set New Price Targets

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

eXp World Trading Up 6.0 %

The business’s fifty 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 Dividend Announcement

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

Insider Buying and Selling at eXp World

In other eXp World news, insider James Bramble sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total value of $351,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randall D. Miles sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total transaction of $453,300.00. Following the transaction, the director now owns 547,665 shares of the company’s stock, valued at $8,275,218.15. This trade represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 637,907 shares of company stock valued at $8,622,482 in the last quarter. 35.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eXp World

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in eXp World by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after acquiring an additional 107,303 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of eXp World during the third quarter worth about $519,000. Harbor Capital Advisors Inc. increased its position in shares of eXp World by 91.9% in the third quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock worth $1,642,000 after purchasing an additional 55,814 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 55,031 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in eXp World by 6.0% in the second quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock valued at $20,348,000 after purchasing an additional 101,600 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

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.