Centiva Capital LP Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Centiva Capital LP lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 86.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,078 shares of the transportation company's stock after selling 12,993 shares during the quarter. Centiva Capital LP's holdings in Expeditors International of Washington were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Black Diamond Financial LLC lifted its holdings in Expeditors International of Washington by 5.4% during the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company's stock worth $218,000 after buying an additional 89 shares during the period. Blair William & Co. IL lifted its stake in shares of Expeditors International of Washington by 1.2% in the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company's stock worth $970,000 after acquiring an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company's stock valued at $730,000 after acquiring an additional 104 shares during the last quarter. Values First Advisors Inc. increased its position in Expeditors International of Washington by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company's stock valued at $2,069,000 after purchasing an additional 112 shares during the period. Finally, Lindenwold Advisors INC increased its position in Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock valued at $2,196,000 after purchasing an additional 114 shares during the period. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded down $0.65 during trading on Thursday, reaching $119.75. 1,119,908 shares of the stock were exchanged, compared to its average volume of 1,203,628. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The stock has a fifty day moving average of $120.49 and a two-hundred day moving average of $122.10. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 3.38 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for 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 business's revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.43 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. Investors of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington's payout ratio is 28.46%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. 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. 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 report on Wednesday, November 6th. Finally, Barclays increased their price target 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. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and an average price target of $118.44.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.69% of the company's stock.

About Expeditors International of Washington

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.