JPMorgan Chase & Co. Reduces Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

JPMorgan Chase & Co. lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,774,889 shares of the transportation company's stock after selling 71,792 shares during the quarter. JPMorgan Chase & Co. owned 1.27% of Expeditors International of Washington worth $233,220,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC bought a new stake in Expeditors International of Washington during the 2nd quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth $59,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock valued at $62,000 after buying an additional 300 shares during the period. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded down $0.03 on Tuesday, hitting $110.77. The stock had a trading volume of 705,303 shares, compared to its average volume of 1,193,715. The business's fifty day moving average price is $118.54 and its 200 day moving average price is $121.28. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52-week low of $109.43 and a 52-week 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 for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of 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. 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. Finally, 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. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average target price of $118.44.

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.