Swiss National Bank Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Swiss National Bank trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 419,300 shares of the transportation company's stock after selling 6,800 shares during the quarter. Swiss National Bank owned 0.30% of Expeditors International of Washington worth $55,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Claro Advisors LLC boosted its stake in shares of Expeditors International of Washington by 17.5% during the third quarter. Claro Advisors LLC now owns 6,960 shares of the transportation company's stock valued at $915,000 after purchasing an additional 1,038 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Expeditors International of Washington during the third quarter valued at $233,000. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Expeditors International of Washington in the third quarter valued at about $346,000. Nicollet Investment Management Inc. raised its holdings in shares of Expeditors International of Washington by 1.2% in the third quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company's stock valued at $1,423,000 after acquiring an additional 128 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Expeditors International of Washington in the third quarter valued at about $292,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen upped their price objective 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. UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Barclays upped their target price on 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. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and a consensus price target of $118.44.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $0.90 during mid-day trading on Wednesday, hitting $118.93. The stock had a trading volume of 851,394 shares, compared to its average volume of 1,218,582. The firm's 50 day moving average is $121.94 and its 200 day moving average is $121.74. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.45 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the company earned $1.16 EPS. The firm's revenue was up 37.0% compared to the same quarter last year. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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 issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington's dividend 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.