Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,037 shares of the transportation company’s stock after selling 203 shares during the period. Metis Global Partners LLC’s holdings in Expeditors International of Washington were worth $1,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Black Diamond Financial LLC lifted its position in Expeditors International of Washington by 5.4% during the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after acquiring an additional 89 shares in the last quarter. Blair William & Co. IL increased its holdings in Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Expeditors International of Washington by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after purchasing an additional 104 shares during the last quarter. Values First Advisors Inc. increased its holdings in Expeditors International of Washington by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after purchasing an additional 112 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its position in Expeditors International of Washington by 5.4% during the 2nd quarter. Fidelis Capital Partners LLC now owns 2,282 shares of the transportation company’s stock valued at $267,000 after purchasing an additional 116 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD stock opened at $120.12 on Friday. The stock has a market capitalization of $16.81 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.43 and a beta of 0.98. The company’s 50-day moving average is $122.06 and its 200-day moving average is $121.54. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 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 analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on EXPD. Barclays boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Bank of America upped their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target 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.