SkyView Investment Advisors LLC Has $712,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SkyView Investment Advisors LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,421 shares of the transportation company’s stock after acquiring an additional 277 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EXPD. Hara Capital LLC acquired a new position in Expeditors International of Washington in the 3rd quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington in the second quarter worth $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington during the second quarter worth $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington during the second quarter valued at $52,000. Finally, Maia Wealth LLC purchased a new position in Expeditors International of Washington in the third quarter valued at about $59,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.6 %

Shares of EXPD opened at $120.41 on Thursday. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 3.38 and a beta of 0.97. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The stock’s 50-day moving average price is $120.54 and its 200 day moving average price is $122.12.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPD. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, TD Cowen raised their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.