Alpha DNA Investment Management LLC Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alpha DNA Investment Management LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,359 shares of the transportation company's stock, valued at approximately $836,000.

A number of other large investors have also recently made changes to their positions in EXPD. Swedbank AB lifted its stake in Expeditors International of Washington by 1.1% in the third quarter. Swedbank AB now owns 21,910 shares of the transportation company's stock worth $2,879,000 after acquiring an additional 231 shares during the period. Kingsview Wealth Management LLC raised its holdings in Expeditors International of Washington by 5.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 17,342 shares of the transportation company's stock worth $2,279,000 after purchasing an additional 845 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Expeditors International of Washington by 20.2% in the 3rd quarter. Cerity Partners LLC now owns 77,926 shares of the transportation company's stock worth $10,239,000 after purchasing an additional 13,120 shares during the period. Nwam LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $256,000. Finally, Studio Investment Management LLC increased its position in shares of Expeditors International of Washington by 4.0% during the third quarter. Studio Investment Management LLC now owns 4,119 shares of the transportation company's stock valued at $541,000 after buying an additional 157 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

EXPD stock traded up $0.62 during trading on Friday, hitting $121.32. 901,870 shares of the stock traded hands, compared to its average volume of 1,318,087. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 3.47 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The firm's 50 day moving average is $121.86 and its two-hundred day moving average is $121.84.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 earnings per share. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. UBS Group upgraded Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Barclays increased their price objective on 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 raised their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $118.44.

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.