eXp World (NASDAQ:EXPI) Shares Down 6.2% – Here’s Why

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

eXp World Trading Down 2.0 %

The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -53.73 and a beta of 2.27. The firm’s 50-day moving average price is $13.30 and its 200 day moving average price is $12.81.

eXp World Dividend Announcement

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

Insiders Place Their Bets

In related news, CAO Jian Cheng sold 18,750 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $258,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $12.60, for a total value of $630,000.00. Following the transaction, the chief executive officer now directly owns 40,209,080 shares in the company, valued at $506,634,408. The trade was a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 594,106 shares of company stock valued at $8,028,028. 28.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eXp World

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC bought a new stake in eXp World in the third quarter valued at approximately $519,000. Harbor Capital Advisors Inc. boosted its stake in shares of eXp World by 91.9% in 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 increased its position in shares of eXp World by 29.7% during the second quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company’s stock worth $2,709,000 after buying an additional 55,031 shares during the period. Renaissance Technologies LLC raised its stake in eXp World by 6.0% during the second 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. Finally, Intech Investment Management LLC acquired a new position in eXp World in the third quarter valued at $966,000. 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.