Swiss National Bank Sells 6,800 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Swiss National Bank decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 419,300 shares of the transportation company’s stock after selling 6,800 shares during the period. Swiss National Bank owned about 0.30% of Expeditors International of Washington worth $55,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EXPD. Crewe Advisors LLC purchased a new position in Expeditors International of Washington in the 1st quarter worth about $25,000. Hara Capital LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth about $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $52,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays increased their target price 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. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Down 1.9 %

NASDAQ:EXPD opened at $118.01 on Wednesday. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The firm has a 50 day moving average of $121.94 and a 200 day moving average of $121.74.

Expeditors International of Washington (NASDAQ:EXPD) last issued 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. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.73 dividend. 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 presently 28.46%.

Expeditors International of Washington Company 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.