International Assets Investment Management LLC Has $245,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

International Assets Investment Management LLC cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 99.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,223 shares of the transportation company's stock after selling 264,650 shares during the period. International Assets Investment Management LLC's holdings in Expeditors International of Washington were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington during the second quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington during the 3rd quarter worth $57,000. Maia Wealth LLC acquired a new position in Expeditors International of Washington in the 3rd quarter valued at $59,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock worth $62,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 1.3 %

NASDAQ:EXPD traded up $1.42 during mid-day trading on Tuesday, hitting $112.00. 397,000 shares of the company's stock were exchanged, compared to its average volume of 1,037,316. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a 50 day simple moving average of $116.80 and a 200-day simple moving average of $120.26. The firm has a market capitalization of $15.68 billion, a P/E ratio of 21.83, a PEG ratio of 3.36 and a beta of 0.99.

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 for the quarter, topping the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Insider Activity

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm's 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 completion of the sale, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on EXPD shares. Barclays boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. 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 report 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 report on Wednesday, October 9th. 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $118.44.

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.