Avanza Fonder AB Makes New $1.72 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Avanza Fonder AB acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,500 shares of the transportation company's stock, valued at approximately $1,717,000.

Other large investors have also recently made changes to their positions in the company. Two Sigma Advisers LP boosted its position in shares of Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after buying an additional 399,800 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock valued at $51,089,000 after acquiring an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC grew its position in Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after acquiring an additional 308,390 shares in the last quarter. International Assets Investment Management LLC increased its stake in Expeditors International of Washington by 15,046.0% during the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after purchasing an additional 257,791 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by company insiders.

Expeditors International of Washington Price Performance

EXPD stock traded down $0.93 on Friday, reaching $110.28. The company's stock had a trading volume of 1,701,693 shares, compared to its average volume of 826,412. The firm has a fifty day moving average of $116.06 and a two-hundred day moving average of $119.93. The company has a market capitalization of $15.44 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The company's revenue was up 37.0% compared to the same quarter last year. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on EXPD shares. Barclays boosted their price target 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. Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday. TD Cowen boosted 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 research note on Wednesday, November 6th. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.11.

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.