Portfolio Design Labs LLC Purchases Shares of 15,297 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Portfolio Design Labs LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,297 shares of the transportation company's stock, valued at approximately $2,010,000.

Other hedge funds also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its position in shares of Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock valued at $51,089,000 after buying an additional 349,362 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after purchasing an additional 308,390 shares during the period. International Assets Investment Management LLC raised its position in Expeditors International of Washington by 15,046.0% in 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. Assenagon Asset Management S.A. raised its position in Expeditors International of Washington by 140.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company's stock worth $57,702,000 after purchasing an additional 256,317 shares during the period. Finally, ProShare Advisors LLC grew its stake in Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock worth $197,538,000 after acquiring an additional 227,671 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of research analyst reports. TD Cowen upped their target price on shares of 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. UBS Group upgraded 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 note on Thursday, August 1st. 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 note on Wednesday, November 6th. Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Finally, Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded up $0.86 on Wednesday, reaching $118.89. The company had a trading volume of 851,631 shares, compared to its average volume of 1,218,583. The firm's 50 day moving average price is $121.94 and its two-hundred day moving average price is $121.74. The firm has a market cap of $16.64 billion, a PE ratio of 23.00, a PEG ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $111.20 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. 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 period in the prior year, the firm earned $1.16 EPS. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

Expeditors International of Washington Company 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.