22,533 Expeditors International of Washington, Inc. $EXPD Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,726 shares of the transportation company’s stock after selling 22,533 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.11% of Expeditors International of Washington worth $25,986,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after purchasing an additional 109,798 shares during the last quarter. Kentucky Retirement Systems boosted its position in Expeditors International of Washington by 97.2% during the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock valued at $2,431,000 after purchasing an additional 8,367 shares during the period. Deutsche Bank AG bought a new position in Expeditors International of Washington during the 2nd quarter worth $102,595,000. Allianz Asset Management GmbH grew its stake in Expeditors International of Washington by 44.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company’s stock worth $99,801,000 after buying an additional 188,581 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Expeditors International of Washington by 658.0% in the third quarter. International Assets Investment Management LLC now owns 30,000 shares of the transportation company’s stock worth $5,539,000 after buying an additional 26,042 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EXPD shares. Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $214.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Bank of America upped their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. TD Cowen increased their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, Truist Financial lifted their price objective on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $181.27.

Expeditors International of Washington Trading Up 2.8%

Shares of NASDAQ EXPD opened at $194.52 on Thursday. The stock has a 50 day simple moving average of $192.39 and a 200-day simple moving average of $168.34. The company has a market cap of $25.11 billion, a PE ratio of 34.01, a P/E/G ratio of 5.00 and a beta of 1.08. Expeditors International of Washington, Inc. has a 12-month low of $129.59 and a 12-month high of $207.93.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The company’s revenue was up 41.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a dividend yield of 79.0%. Expeditors International of Washington’s dividend payout ratio is presently 20.56%.

Expeditors International of Washington Profile

Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.