eXp World Target of Unusually Large Options Trading (NASDAQ:EXPI)

Posted by Defense World Staff on Oct 25th, 2023

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) was the target of some unusual options trading on Tuesday. Investors bought 5,001 put options on the stock. This is an increase of approximately 338% compared to the average volume of 1,142 put options.

Insider Activity at eXp World

In related news, insider James Bramble sold 38,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $24.54, for a total value of $932,520.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Jason Gesing sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $19.28, for a total transaction of $385,600.00. Following the completion of the sale, the director now owns 2,297,858 shares in the company, valued at $44,302,702.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Bramble sold 38,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $24.54, for a total value of $932,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 604,889 shares of company stock valued at $14,129,728 in the last 90 days. 34.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On eXp World

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its holdings in shares of eXp World by 4.4% during the 2nd quarter. Hsbc Holdings PLC now owns 12,053 shares of the technology company’s stock valued at $248,000 after acquiring an additional 507 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in eXp World by 5.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 15,841 shares of the technology company’s stock worth $321,000 after buying an additional 780 shares during the period. American International Group Inc. lifted its holdings in eXp World by 3.0% during the 2nd quarter. American International Group Inc. now owns 32,112 shares of the technology company’s stock worth $378,000 after buying an additional 945 shares during the period. Arizona State Retirement System lifted its holdings in eXp World by 5.0% during the 2nd quarter. Arizona State Retirement System now owns 20,900 shares of the technology company’s stock worth $424,000 after buying an additional 990 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in eXp World by 2.9% during the 2nd quarter. MetLife Investment Management LLC now owns 36,297 shares of the technology company’s stock worth $736,000 after buying an additional 1,026 shares during the period. Institutional investors own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. DA Davidson upped their price objective on eXp World from $20.00 to $28.00 in a report on Monday, August 7th. BTIG Research initiated coverage on eXp World in a report on Monday, July 17th. They issued a “sell” rating and a $14.00 price target for the company.

Get Our Latest Analysis on eXp World

eXp World Stock Performance

Shares of NASDAQ EXPI opened at $14.41 on Wednesday. The stock has a 50 day moving average price of $17.08 and a 200 day moving average price of $17.59. eXp World has a 52 week low of $9.96 and a 52 week high of $25.39. The stock has a market capitalization of $2.21 billion, a PE ratio of 288.26 and a beta of 2.77.

eXp World (NASDAQ:EXPI – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. eXp World had a net margin of 0.19% and a return on equity of 3.17%. The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, research analysts forecast that eXp World will post 0.26 EPS for the current year.

eXp World Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 4th. Shareholders of record on Friday, August 18th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, August 17th. This is a positive change from eXp World’s previous quarterly dividend of $0.05. eXp World’s dividend payout ratio (DPR) is 400.08%.

eXp World Company Profile

(Get Free Report)

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 technology platform that provides 24/7 access to collaboration tools, training, and social communities for real estate agents and employees.