Y Intercept Hong Kong Ltd Has $231,000 Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Y Intercept Hong Kong Ltd reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 86.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,761 shares of the transportation company’s stock after selling 10,805 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Expeditors International of Washington were worth $231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Hara Capital LLC bought a new stake in Expeditors International of Washington during the 3rd quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington in the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington during the second quarter worth $52,000. Finally, Maia Wealth LLC bought a new position in Expeditors International of Washington during the third quarter worth $59,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $114.33 on Thursday. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59. The business has a fifty day moving average of $120.16 and a two-hundred day moving average of $122.05. The stock has a market cap of $16.00 billion, a PE ratio of 22.29, a PEG ratio of 3.42 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results 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. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Expeditors International of Washington’s quarterly revenue was up 37.0% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.73 dividend. 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 28.46%.

Analyst Ratings Changes

EXPD has been the topic of several research analyst reports. Barclays raised 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 report on Wednesday, November 6th. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $118.44.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Expeditors International of Washington 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.