Universal Beteiligungs und Servicegesellschaft mbH Sells 6,580 Shares of Expeditors International of Washington, Inc. $EXPD

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 179,195 shares of the transportation company’s stock after selling 6,580 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Expeditors International of Washington were worth $21,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after buying an additional 623 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares during the last quarter. Woodline Partners LP boosted its position in shares of Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth grew its stake in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Sowell Financial Services LLC increased its holdings in Expeditors International of Washington by 16.1% in the 2nd quarter. Sowell Financial Services LLC now owns 1,936 shares of the transportation company’s stock valued at $221,000 after acquiring an additional 269 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $201,255.00. Following the transaction, the vice president owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction on Friday, November 7th. The shares were 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. The trade was a 45.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 1.1%

Shares of NASDAQ:EXPD opened at $160.68 on Friday. The company has a market cap of $21.54 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $164.48. The company has a 50-day moving average price of $151.53 and a 200 day moving average price of $131.44.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Stifel Nicolaus increased their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Morgan Stanley raised their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Finally, Barclays upped their price objective on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $134.10.

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.