Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,622 shares of the transportation company’s stock after acquiring an additional 155 shares during the period. GAMMA Investing LLC’s holdings in Expeditors International of Washington were worth $401,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EXPD. Hara Capital LLC acquired a new position in Expeditors International of Washington in the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter worth approximately $59,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $111.28 on Monday. The stock has a 50-day simple moving average of $117.81 and a 200-day simple moving average of $120.91. The firm has a market cap of $15.58 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $109.43 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 earnings per share. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.73 per share. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $118.44.

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.