BNP Paribas Financial Markets Has $42.54 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

BNP Paribas Financial Markets boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 323,772 shares of the transportation company's stock after acquiring an additional 82,238 shares during the period. BNP Paribas Financial Markets owned about 0.23% of Expeditors International of Washington worth $42,544,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXPD. Swedbank AB purchased a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $2,954,000. Assenagon Asset Management S.A. grew its holdings in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company's stock worth $22,814,000 after purchasing an additional 70,329 shares during the period. Charles Schwab Investment Management Inc. increased its position in Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock worth $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Cetera Advisors LLC acquired a new position in Expeditors International of Washington during the first quarter valued at approximately $729,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Expeditors International of Washington by 58.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company's stock worth $3,439,000 after buying an additional 10,202 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research reports. Barclays upped 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 research report on Wednesday, November 6th. TD Cowen increased 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. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and raised their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, 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. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Trading Up 0.3 %

NASDAQ EXPD traded up $0.39 during trading on Friday, reaching $121.64. The company's stock had a trading volume of 427,478 shares, compared to its average volume of 1,214,357. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.44 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The firm has a 50 day moving average price of $121.71 and a 200 day moving average price of $121.89.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business earned $1.16 EPS. The firm's quarterly revenue was up 37.0% on a year-over-year basis. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued 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%.

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.