Avanza Fonder AB Purchases Shares of 15,500 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Avanza Fonder AB acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,500 shares of the transportation company’s stock, valued at approximately $1,717,000.

Several other large investors have also modified their holdings of the company. Hara Capital LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at about $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth about $59,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after purchasing an additional 300 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Expeditors International of Washington by 315.6% during the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock worth $70,000 after purchasing an additional 426 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’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. This represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on EXPD shares. Bank of America dropped their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday. TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research downgraded shares of 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 investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $117.11.

Expeditors International of Washington Trading Down 0.8 %

EXPD stock opened at $110.28 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The business’s 50 day moving average is $116.06 and its 200-day moving average is $119.96. The firm has a market cap of $15.44 billion, a P/E ratio of 21.50, a P/E/G ratio of 3.18 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, beating the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 37.0% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

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.