Farther Finance Advisors LLC Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Farther Finance Advisors LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the transportation company’s stock after buying an additional 176 shares during the quarter. Farther Finance Advisors LLC’s holdings in Expeditors International of Washington were worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in EXPD. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington in the second quarter worth $31,000. Family Firm Inc. acquired a new stake in shares of Expeditors International of Washington during the second quarter worth $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 300 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.1 %

NASDAQ:EXPD opened at $120.06 on Monday. The stock has a 50 day moving average of $122.39 and a two-hundred day moving average of $121.43. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The firm has a market cap of $16.81 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.16 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.46%.

Analysts Set New Price Targets

Several analysts have weighed in on EXPD shares. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Bank of America increased their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.00.

About Expeditors International of Washington

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.