Harbor Investment Advisory LLC Has $568,000 Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Harbor Investment Advisory LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,129 shares of the transportation company’s stock after selling 462 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Expeditors International of Washington were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of EXPD. Avanza Fonder AB bought a new stake in Expeditors International of Washington in the 4th quarter worth about $1,717,000. Gateway Investment Advisers LLC increased its position in shares of Expeditors International of Washington by 19.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 11,051 shares of the transportation company’s stock valued at $1,224,000 after acquiring an additional 1,832 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Expeditors International of Washington by 14.9% during the fourth quarter. Park Avenue Securities LLC now owns 2,885 shares of the transportation company’s stock valued at $320,000 after acquiring an additional 374 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $534,000. Finally, Czech National Bank grew its stake in Expeditors International of Washington by 5.6% in the 4th quarter. Czech National Bank now owns 30,350 shares of the transportation company’s stock valued at $3,362,000 after purchasing an additional 1,601 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 news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EXPD. Barclays lifted their target price on 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. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Bank of America lowered their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $117.11.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $112.77 on Wednesday. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 3.74 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The stock’s 50-day simple moving average is $115.75 and its 200 day simple moving average is $119.76.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

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.