Harel Insurance Investments & Financial Services Ltd. Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Harel Insurance Investments & Financial Services Ltd. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,138 shares of the transportation company’s stock after selling 276 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Expeditors International of Washington were worth $126,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EXPD. Hara Capital LLC bought a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington in the third quarter worth $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after buying an additional 300 shares in the last quarter. Finally, Quarry LP grew its position in Expeditors International of Washington by 315.6% during the second quarter. Quarry LP now owns 561 shares of the transportation company’s stock worth $70,000 after buying an additional 426 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $113.01 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The company’s 50 day moving average price is $115.33 and its 200-day moving average price is $119.63. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm earned $1.16 EPS. The company’s revenue was up 37.0% on a year-over-year basis. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.73 per share. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Analyst Ratings Changes

EXPD has been the topic of several recent analyst reports. Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday. TD Cowen increased their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.44.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

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.