27,164 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to its most recent filing with the SEC. The fund acquired 27,164 shares of the transportation company’s stock, valued at approximately $3,330,000.

Other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC grew its position in shares of Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the 2nd quarter worth about $34,000. CYBER HORNET ETFs LLC purchased a new position in Expeditors International of Washington during the 2nd quarter valued at about $43,000. Bartlett & CO. Wealth Management LLC purchased a new position in Expeditors International of Washington during the 3rd quarter valued at about $43,000. Finally, Addison Advisors LLC increased its position in shares of Expeditors International of Washington by 79.1% during the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock valued at $44,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of analyst reports. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Morgan Stanley raised their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. TD Cowen boosted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. Barclays upped their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Finally, Stifel Nicolaus boosted their target price 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. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $160.68 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $164.48. The company has a fifty day moving average of $151.53 and a 200-day moving average of $131.44. The company has a market capitalization of $21.54 billion, a P/E ratio of 28.09, a P/E/G ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s payout ratio is 25.12%.

Insider Transactions at Expeditors International of Washington

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

Expeditors International of Washington Company 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.