eXp World (NASDAQ:EXPI) Shares Down 9.8%

eXp World Holdings, Inc. (NASDAQ:EXPI) fell 9.8% during trading on Tuesday . The stock traded as low as $56.70 and last traded at $63.45. 2,385,139 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 2,156,241 shares. The stock had previously closed at $70.31.

Several research firms recently commented on EXPI. DA Davidson lifted their price objective on eXp World from $14.00 to $26.50 and gave the stock a “buy” rating in a report on Tuesday, November 10th. William Blair downgraded eXp World from an “outperform” rating to a “market perform” rating in a report on Friday, February 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded eXp World from a “buy” rating to a “hold” rating in a report on Tuesday, February 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $19.83.

The stock has a 50 day simple moving average of $61.78 and a 200-day simple moving average of $33.96. The firm has a market capitalization of $8.88 billion, a P/E ratio of 198.29 and a beta of 3.35. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.02.

In other eXp World news, Director Randall D. Miles sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $53.12, for a total transaction of $796,800.00. Following the completion of the sale, the director now directly owns 150,040 shares in the company, valued at approximately $7,970,124.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Penny Sanford sold 20,000 shares of the business’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the sale, the insider now owns 14,845,120 shares of the company’s stock, valued at $783,970,787.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,546 shares of company stock valued at $25,667,614. Corporate insiders own 40.06% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of eXp World by 8.9% during the 4th quarter. BlackRock Inc. now owns 1,888,289 shares of the technology company’s stock valued at $119,188,000 after buying an additional 155,058 shares in the last quarter. Integrated Advisors Network LLC purchased a new position in shares of eXp World during the 3rd quarter valued at about $21,983,000. Arrowstreet Capital Limited Partnership lifted its position in shares of eXp World by 67.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 372,578 shares of the technology company’s stock valued at $15,030,000 after buying an additional 149,739 shares in the last quarter. Morgan Stanley lifted its position in shares of eXp World by 74.8% during the 4th quarter. Morgan Stanley now owns 227,652 shares of the technology company’s stock valued at $14,370,000 after buying an additional 97,444 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of eXp World by 38.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 216,832 shares of the technology company’s stock valued at $8,748,000 after buying an additional 60,370 shares in the last quarter. 19.26% of the stock is currently owned by hedge funds and other institutional investors.

eXp World Company Profile (NASDAQ:EXPI)

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential homeowners and homebuyers in the United States, Canada, the United Kingdom, Australia, South Africa, Portugal, France, Mexico, and India. 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 with access to a network of professionals, consumer-centric agents, and brokers.

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