Exchange Traded Concepts LLC Purchases 19,369 Shares of Expeditors International of Washington, Inc. $EXPD

Exchange Traded Concepts LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 59.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 51,773 shares of the transportation company’s stock after purchasing an additional 19,369 shares during the period. Exchange Traded Concepts LLC’s holdings in Expeditors International of Washington were worth $6,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC increased its stake in shares of Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after buying an additional 121 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Expeditors International of Washington in the second quarter valued at approximately $34,000. Ransom Advisory Ltd bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $41,000. Twin Tree Management LP bought a new position in Expeditors International of Washington during the first quarter worth $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of Expeditors International of Washington during the third quarter valued at about $43,000. Institutional investors own 94.02% of the company’s stock.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the transaction, the director owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.9%

Shares of NASDAQ:EXPD opened at $151.65 on Wednesday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $155.04. The stock has a market capitalization of $20.32 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. The stock’s 50-day moving average price is $138.15 and its 200-day moving average price is $125.19.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.77 dividend. The ex-dividend date was Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is 25.12%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a research report on Wednesday, November 5th. Finally, Truist Financial lifted their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $128.80.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.