Expeditors International of Washington, Inc. $EXPD Shares Bought by Spire Wealth Management

Spire Wealth Management lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 533.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 722 shares of the transportation company’s stock after acquiring an additional 608 shares during the quarter. Spire Wealth Management’s holdings in Expeditors International of Washington were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in shares of Expeditors International of Washington during the 1st quarter valued at $30,000. Ransom Advisory Ltd acquired a new position in shares of Expeditors International of Washington during the 1st quarter valued at $41,000. Twin Tree Management LP acquired a new position in shares of Expeditors International of Washington during the 1st quarter valued at $42,000. Carderock Capital Management Inc. acquired a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $46,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Expeditors International of Washington by 827.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 408 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 364 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EXPD shares. Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, October 10th. TD Cowen lifted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday. Truist Financial lifted their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $127.00.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $138.12 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $140.72. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm’s fifty day moving average price is $121.37 and its 200 day moving average price is $116.97.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.77 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 113.0%. Expeditors International of Washington’s payout ratio is presently 25.16%.

Expeditors International of Washington Company 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.