Expeditors International of Washington, Inc. $EXPD Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 626,645 shares of the transportation company’s stock after selling 318,003 shares during the quarter. Hsbc Holdings PLC’s holdings in Expeditors International of Washington were worth $93,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $28,000. DV Equities LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.1%

Shares of NASDAQ:EXPD opened at $167.43 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52. The company has a market capitalization of $21.90 billion, a PE ratio of 29.27, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50 day moving average of $158.65 and a two-hundred day moving average of $153.57.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Analysts Set New Price Targets

A number of brokerages recently commented on EXPD. Barclays upped their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, UBS Group increased their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $140.44.

About Expeditors International of Washington

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.