Hsbc Holdings PLC Sells 318,003 Shares of Expeditors International of Washington, Inc. $EXPD

Hsbc Holdings PLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 626,645 shares of the transportation company’s stock after selling 318,003 shares during the period. Hsbc Holdings PLC’s holdings in Expeditors International of Washington were worth $93,414,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Pure Financial Advisors LLC lifted its stake in shares of Expeditors International of Washington by 5.7% in the 4th quarter. Pure Financial Advisors LLC now owns 3,474 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 188 shares during the period. Midway Capital Research & Management acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $2,432,000. MidFirst Bank acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $149,000. Kera Capital Partners Inc. bought a new stake in Expeditors International of Washington in the fourth quarter worth approximately $274,000. Finally, Virtu Financial LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth approximately $1,263,000. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EXPD shares. Susquehanna boosted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group boosted their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Truist Financial cut their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Stock Performance

EXPD stock opened at $161.29 on Monday. The stock’s 50 day simple moving average is $155.24 and its 200 day simple moving average is $152.65. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The company has a market cap of $21.09 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period last year, the company earned $1.47 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

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.