Fmr LLC trimmed its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,388,847 shares of the transportation company’s stock after selling 284,913 shares during the quarter. Fmr LLC’s holdings in Expeditors International of Washington were worth $175,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new position in shares of Expeditors International of Washington during the second quarter worth $113,000. Fort L.P. bought a new position in shares of Expeditors International of Washington during the second quarter worth $118,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Expeditors International of Washington by 104.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,072 shares of the transportation company’s stock worth $152,000 after purchasing an additional 1,061 shares in the last quarter. MainStreet Investment Advisors LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth $198,000. Finally, Summit Asset Management LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth $200,000. 93.58% of the stock is currently owned by institutional investors.

EXPD opened at $74.30 on Friday. The firm has a market capitalization of $13.04 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.92 and a beta of 0.79. Expeditors International of Washington has a 12 month low of $59.10 and a 12 month high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 6th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.78 by $0.14. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Expeditors International of Washington had a net margin of 7.76% and a return on equity of 28.98%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. On average, equities analysts predict that Expeditors International of Washington will post 3.24 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $0.45 dividend. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.42. This represents a yield of 1.23%. The ex-dividend date of this dividend is Friday, November 30th. Expeditors International of Washington’s payout ratio is currently 36.29%.

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,000 shares of Expeditors International of Washington stock in a transaction on Monday, November 19th. The shares were sold at an average price of $73.52, for a total value of $367,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey S. Musser sold 30,000 shares of Expeditors International of Washington stock in a transaction on Friday, November 30th. The shares were sold at an average price of $75.95, for a total transaction of $2,278,500.00. The disclosure for this sale can be found here. Insiders sold a total of 37,371 shares of company stock worth $2,820,772 over the last ninety days. 0.99% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Deutsche Bank assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, September 4th. They set a “hold” rating and a $71.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $69.56.

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About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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