eXp World Holdings Inc (NASDAQ:EXPI) major shareholder Penny Sanford sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $15.86, for a total transaction of $237,900.00. Following the completion of the transaction, the insider now directly owns 15,195,820 shares of the company’s stock, valued at approximately $241,005,705.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of EXPI stock opened at $17.05 on Wednesday. eXp World Holdings Inc has a 52-week low of $6.51 and a 52-week high of $17.61. The business has a 50-day simple moving average of $11.46 and a 200-day simple moving average of $10.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.
Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in shares of eXp World during the 4th quarter worth approximately $5,863,000. Tower Research Capital LLC TRC purchased a new stake in eXp World during the fourth quarter worth $28,000. Ladenburg Thalmann Financial Services Inc. grew its position in eXp World by 46.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,150 shares of the technology company’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Victory Capital Management Inc. increased its holdings in eXp World by 23.5% in the fourth quarter. Victory Capital Management Inc. now owns 4,928 shares of the technology company’s stock valued at $54,000 after buying an additional 939 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new position in shares of eXp World in the first quarter worth about $42,000. 12.43% of the stock is owned by institutional investors.
Several research firms recently issued reports on EXPI. Stephens cut their target price on eXp World from $19.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. DA Davidson increased their price objective on eXp World from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. BidaskClub raised eXp World from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, ValuEngine downgraded shares of eXp World from a “buy” rating to a “hold” rating in a report on Friday, March 13th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $15.00.
About eXp World
eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.
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