Covestor Ltd Has $217,000 Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Covestor Ltd lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,654 shares of the transportation company’s stock after selling 540 shares during the period. Covestor Ltd’s holdings in Expeditors International of Washington were worth $217,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $2,954,000. Banco Santander S.A. lifted its holdings in Expeditors International of Washington by 141.0% during the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after acquiring an additional 52,603 shares in the last quarter. Magnetar Financial LLC acquired a new position in Expeditors International of Washington in the first quarter valued at about $1,305,000. Assenagon Asset Management S.A. grew its position in shares of Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after purchasing an additional 70,329 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Expeditors International of Washington by 439.5% in the first quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company’s stock valued at $5,317,000 after buying an additional 35,629 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXPD. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays lifted 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. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen lifted 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. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $120.06 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The firm has a market capitalization of $16.81 billion, a PE ratio of 23.40, a P/E/G ratio of 3.56 and a beta of 0.98. The company’s 50-day moving average is $122.39 and its 200-day moving average is $121.37.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The business’s revenue was up 37.0% compared to the same quarter last year. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.16 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business 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 of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 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.