1,815 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, Holdings Channel reports. The fund acquired 1,815 shares of the transportation company’s stock, valued at approximately $239,000.

Several other institutional investors have also modified their holdings of EXPD. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $52,000. Finally, Maia Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EXPD shares. TD Cowen lifted their target price 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $121.08 on Wednesday. The stock has a market capitalization of $16.95 billion, a P/E ratio of 23.68, a P/E/G ratio of 3.45 and a beta of 0.97. The company’s fifty day moving average is $121.60 and its two-hundred day moving average is $122.00. 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 announced its quarterly earnings data 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 company 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%. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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