Mirae Asset Global Investments Co. Ltd. Has $8.79 Million Stake in Expeditors International of Washington, Inc. $EXPD

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,710 shares of the transportation company’s stock after acquiring an additional 3,939 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Expeditors International of Washington were worth $8,791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPD. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the 2nd quarter valued at approximately $34,000. CYBER HORNET ETFs LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $43,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $43,000. Finally, Addison Advisors LLC grew its holdings in Expeditors International of Washington by 79.1% during the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EXPD shares. Barclays raised their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Morgan Stanley raised their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Stifel Nicolaus raised their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, Truist Financial lifted their price objective on Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Trading Down 0.6%

Shares of NASDAQ EXPD opened at $160.48 on Friday. The firm’s 50-day moving average price is $153.87 and its 200-day moving average price is $133.36. The firm has a market capitalization of $21.51 billion, a P/E ratio of 28.06, a P/E/G ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $164.48.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.77 dividend. This represents a dividend yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the sale, the director owned 6,468 shares in the company, valued at $874,797. This trade represents a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.