AE Wealth Management LLC Has $547,000 Position in Expeditors International of Washington, Inc. $EXPD

AE Wealth Management LLC cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 29.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,788 shares of the transportation company’s stock after selling 2,022 shares during the quarter. AE Wealth Management LLC’s holdings in Expeditors International of Washington were worth $547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Drystone LLC boosted its position in shares of Expeditors International of Washington by 0.5% in the 2nd quarter. Drystone LLC now owns 53,971 shares of the transportation company’s stock worth $6,166,000 after purchasing an additional 280 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Expeditors International of Washington by 17.1% in the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after buying an additional 918,108 shares during the period. Sound Financial Strategies Group LLC boosted its holdings in Expeditors International of Washington by 40.2% during the second quarter. Sound Financial Strategies Group LLC now owns 6,522 shares of the transportation company’s stock worth $745,000 after buying an additional 1,870 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in Expeditors International of Washington by 52.4% during the second quarter. Achmea Investment Management B.V. now owns 15,120 shares of the transportation company’s stock worth $1,728,000 after buying an additional 5,198 shares during the last quarter. Finally, Sienna Gestion grew its position in shares of Expeditors International of Washington by 10.4% during the 2nd quarter. Sienna Gestion now owns 79,215 shares of the transportation company’s stock worth $8,263,000 after buying an additional 7,443 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXPD. UBS Group increased their price target on shares of Expeditors International of Washington from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target on the stock in a research report on Wednesday, November 5th. Truist Financial upped their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, 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 report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $128.78.

Insider Buying and Selling at Expeditors International of Washington

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

Expeditors International of Washington Stock Down 0.0%

NASDAQ:EXPD opened at $138.41 on Friday. The company has a market cap of $18.55 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $142.09. The business has a 50 day moving average price of $123.83 and a two-hundred day moving average price of $118.39.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.77 dividend. This represents a yield of 113.0%. The ex-dividend date is Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

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.