Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Position Trimmed by Geode Capital Management LLC

Geode Capital Management LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,334,571 shares of the transportation company's stock after selling 7,176 shares during the period. Geode Capital Management LLC owned approximately 2.38% of Expeditors International of Washington worth $436,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 10.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,566 shares of the transportation company's stock valued at $320,000 after acquiring an additional 243 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Expeditors International of Washington by 16.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,174 shares of the transportation company's stock worth $396,000 after purchasing an additional 447 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company's stock worth $22,814,000 after buying an additional 70,329 shares during the period. Blue Trust Inc. grew its stake in shares of Expeditors International of Washington by 187.1% in the second quarter. Blue Trust Inc. now owns 1,091 shares of the transportation company's stock valued at $133,000 after buying an additional 711 shares in the last quarter. Finally, Values First Advisors Inc. raised its holdings in shares of 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 buying an additional 112 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on EXPD shares. Barclays increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price objective on shares of 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. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $1.24 during mid-day trading on Friday, reaching $118.51. The stock had a trading volume of 858,479 shares, compared to its average volume of 1,202,196. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The stock's 50 day simple moving average is $120.45 and its two-hundred day simple moving average is $122.13.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm earned $1.16 EPS. The business's revenue was up 37.0% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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 given a $0.73 dividend. 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%.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.69% of the company's stock.

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.