Y Intercept Hong Kong Ltd Acquires New Holdings in Expeditors International of Washington, Inc. $EXPD

Y Intercept Hong Kong Ltd bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,480 shares of the transportation company’s stock, valued at approximately $398,000.

A number of other institutional investors also recently modified their holdings of EXPD. Zions Bancorporation National Association UT bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth $30,000. Ransom Advisory Ltd bought a new stake in Expeditors International of Washington during the first quarter valued at about $41,000. Twin Tree Management LP bought a new stake in Expeditors International of Washington during the first quarter valued at about $42,000. Carderock Capital Management Inc. acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Expeditors International of Washington by 827.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 408 shares of the transportation company’s stock worth $47,000 after purchasing an additional 364 shares during the period. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. This trade 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. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $137.28 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $140.72. The firm has a market capitalization of $18.63 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The company’s fifty day moving average price is $121.97 and its two-hundred day moving average price is $117.31.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.77 dividend. This represents a yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is 25.12%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Cowen boosted their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday. UBS Group increased their price objective on Expeditors International of Washington from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday. Truist Financial upped their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased 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 report on Wednesday. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Reduce” and a consensus price target of $128.78.

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.