Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,342 shares of the transportation company’s stock after purchasing an additional 845 shares during the period. Kingsview Wealth Management LLC’s holdings in Expeditors International of Washington were worth $2,279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. D. E. Shaw & Co. Inc. boosted its holdings in Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after buying an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after purchasing an additional 308,390 shares during the period. International Assets Investment Management LLC raised its position in shares of Expeditors International of Washington by 15,046.0% during the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after buying an additional 265,111 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Expeditors International of Washington by 140.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock valued at $57,702,000 after purchasing an additional 256,317 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after buying an additional 227,671 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $122.39 on Tuesday. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The firm has a market capitalization of $17.13 billion, a P/E ratio of 23.86, a P/E/G ratio of 3.48 and a beta of 0.98. The business’s 50-day simple moving average is $121.88 and its 200-day simple moving average is $121.87.

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, topping analysts’ consensus estimates 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 return on equity of 32.12% and a net margin of 7.39%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently announced 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 payout ratio is currently 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.