Independent Advisor Alliance Sells 5,235 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Independent Advisor Alliance reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,607 shares of the transportation company's stock after selling 5,235 shares during the period. Independent Advisor Alliance's holdings in Expeditors International of Washington were worth $6,256,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company's stock valued at $356,923,000 after buying an additional 67,800 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Expeditors International of Washington by 3.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company's stock worth $346,559,000 after buying an additional 82,107 shares during the last quarter. Marshfield Associates grew its position 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 during the last quarter. ProShare Advisors LLC raised its position 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 purchasing 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 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock valued at $159,595,000 after buying an additional 85,393 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on EXPD. Barclays upped 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 note on Wednesday, November 6th. TD Cowen upped their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. 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. Finally, UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and increased their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded up $0.33 during trading on Monday, reaching $121.65. The company had a trading volume of 505,487 shares, compared to its average volume of 1,215,596. The firm's fifty day moving average is $121.86 and its 200 day moving average is $121.84. The firm has a market capitalization of $17.03 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 3.48 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. The firm's quarterly revenue was up 37.0% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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