Key Highlights

  • eXp World Holdings (EXPI)announces 2-for-1 stock split
  • EXPI already earned 10-bagger status and considered “Bull of the Day” prior to 2-for-1 stock split announcement
  • Stock split aimed at lowering share price to allow more employees and investors to purchase shares

In January 2020, the share price of eXp World Holdings, or EXPI on the Nasdaq, was $11/share.  In January 2021, the share price of eXp World Holdingsis $93/share. Not bad for a return on investment, don’t you agree?

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Now that the share price has jumped so high, the board of directors of EXp World Holdings, parent company of eXpRealtyand the virtual world platform VirBELLA, just announced a stock split with the intention of making the company’s share price more affordable to its employees and investors.

Glenn Sanford, founder, chairman and CEO of eXp World Holdings, said, “Our decision to effectuate this stock split provides added flexibility to continue leveraging various stock programs for our agents, brokers and staff that help fuel our growth…As always, we’re focused on innovation and delivering on our overall value proposition for our agents, brokers, staff and customers.”

eXpRealtyis one of the very few real estate firms to offer its agents an equity awards program via company stock at a preferred rate.  Agents are offered a set dollar amount worth of shares upon those agents joining eXpRealty under the firm’s umbrella and  Nasdaq  moniker EXPI. Agents can repeatedly acquire more stocks shares in the company through various equity programs. Other real estate firms only offer shares to agents if/when they reach certain sales milestones.

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Stock splitting is a common practice among companies that have experienced a stock value explosion in share price within a short period of time.  eXp definitely fits that bill as has Tesla within this last year.

Each eXp stockholder-of-record on January 29, 2021 will receive one additional share of common stock for each already-held share…a 2-for-1 split.  These additional stock shares in the company will be distributed at the close of trading on February 9, 2021.  Then, on February 16, 2021, eXp World Holdings common stock will start trading on an adjusted stock-split basis.

As we’ve noted before, eXp World Holdings and its global brokerage, eXpRealty, is one of the fastest-growing real estate tech companies in the world.  It now has more than 42,000 agents in the US, Canada, United Kingdom, Australia, South Africa, India, Mexico, Portugal and France.  More international growth is happening as you read this post.

Even before eXp announced its 2-for-1 stock split, eXp World Holding was named the “Bull of the Day” by Yahoo!Finance and had already achieved the legendary status of a “10-bagger,” a stock that has increased its valuation by 10 times.  (A 10-bagger means that a stock bought at $1.00 is now worth $10.00.)

EXp’s earnings rate is driving its valuation growth. According to Yahoo!Finance, “Current year EPS growth estimates call for 446% growth…Next year’s number is looking great too, with earnings growth slated to hit 56.7%.  That’s a forecast revenue growth of 32.31%.”

 

Thanks to InmanNews and GlobeNewswire and YAHOO!Finance.

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