XTX Topco Ltd Cuts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

XTX Topco Ltd lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 40.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,647 shares of the transportation company's stock after selling 6,590 shares during the quarter. XTX Topco Ltd's holdings in Expeditors International of Washington were worth $1,268,000 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 business. iSAM Funds UK Ltd bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at about $595,000. National Bank of Canada FI boosted its stake in Expeditors International of Washington by 65.9% during the third quarter. National Bank of Canada FI now owns 83,192 shares of the transportation company's stock valued at $10,931,000 after buying an additional 33,038 shares during the last quarter. United Services Automobile Association grew its holdings in Expeditors International of Washington by 23.1% during the 3rd quarter. United Services Automobile Association now owns 39,041 shares of the transportation company's stock valued at $5,130,000 after buying an additional 7,338 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Expeditors International of Washington during the 3rd quarter valued at approximately $530,000. Finally, Wahed Invest LLC bought a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $450,000. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the subject of several research reports. 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 lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Finally, TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note 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.com, the stock presently has an average rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded up $0.57 during trading hours on Tuesday, hitting $121.21. 820,903 shares of the company's stock traded hands, compared to its average volume of 1,204,734. The business has a fifty day moving average price of $120.79 and a 200-day moving average price of $122.11. The firm has a market capitalization of $16.97 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 3.38 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.

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 analysts' consensus estimates of $1.33 by $0.30. The business 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 company's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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 presently 28.46%.

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.