Y Intercept Hong Kong Ltd Reduces Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Y Intercept Hong Kong Ltd decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 86.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,761 shares of the transportation company's stock after selling 10,805 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Expeditors International of Washington were worth $231,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EXPD. Two Sigma Advisers LP lifted its stake in Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock valued at $56,042,000 after acquiring an additional 399,800 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock valued at $51,089,000 after purchasing an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after purchasing an additional 308,390 shares during the last quarter. International Assets Investment Management LLC grew its position in Expeditors International of Washington by 15,046.0% during the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after buying an additional 257,791 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EXPD shares. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note 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 lifted 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 report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $118.44.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.75% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded down $1.59 during trading on Thursday, reaching $112.74. The company had a trading volume of 1,272,232 shares, compared to its average volume of 1,200,871. The firm has a market capitalization of $15.78 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 3.42 and a beta of 0.97. The firm's 50-day simple moving average is $119.98 and its 200 day simple moving average is $121.99. 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 announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business earned $1.16 earnings per share. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's payout ratio is currently 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.