Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 16.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,473 shares of the transportation company's stock after selling 8,965 shares during the quarter. Mizuho Markets Americas LLC's holdings in Expeditors International of Washington were worth $5,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners grew its position in Expeditors International of Washington by 2.4% during the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company's stock worth $356,923,000 after acquiring an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Expeditors International of Washington by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company's stock valued at $346,559,000 after acquiring an additional 82,107 shares during the period. Marshfield Associates lifted its holdings in shares of Expeditors International of Washington by 0.3% in the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company's stock valued at $226,013,000 after purchasing an additional 5,712 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Expeditors International of Washington by 16.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock worth $197,538,000 after buying an additional 227,671 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Expeditors International of Washington by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock valued at $159,595,000 after acquiring an additional 85,393 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 0.7 %

EXPD stock traded down $0.80 during trading on Friday, hitting $120.16. 1,096,899 shares of the company's stock were exchanged, compared to its average volume of 1,274,435. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.45 and a beta of 0.98. The business has a 50-day moving average price of $122.06 and a two-hundred day moving average price of $121.61.

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 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The firm's revenue was up 37.0% on a year-over-year basis. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently announced 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. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's payout ratio is 28.46%.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent research reports. Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a "neutral" rating in a report on Monday, July 22nd. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a 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. Barclays raised their target price on shares of 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. Finally, UBS Group upgraded Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.