AdvisorShares Investments LLC Makes New Investment in Expeditors International of Washington, Inc. $EXPD

AdvisorShares Investments LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,240 shares of the transportation company’s stock, valued at approximately $483,000.

Several other hedge funds have also bought and sold shares of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after buying an additional 623 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after buying an additional 999 shares in the last quarter. Woodline Partners LP raised its position in shares of Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after buying an additional 3,420 shares in the last quarter. Focus Partners Wealth raised its position in shares of Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after buying an additional 1,324 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Expeditors International of Washington by 29.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after buying an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EXPD shares. Susquehanna upped their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Truist Financial decreased their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Trading Down 0.3%

Shares of NASDAQ:EXPD opened at $158.44 on Friday. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $109.90 and a 12 month high of $167.19. The firm’s 50-day moving average is $149.77 and its 200 day moving average is $150.50.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating the consensus estimate 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%. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 EPS. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

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.