Expeditors International of Washington, Inc. $EXPD Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 36.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,155 shares of the transportation company’s stock after buying an additional 226,510 shares during the period. Hsbc Holdings PLC’s holdings in Expeditors International of Washington were worth $122,239,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 71 shares in the last quarter. Rossby Financial LCC increased its position in shares of Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after purchasing an additional 80 shares in the last quarter. Claro Advisors Inc. raised its stake in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in Expeditors International of Washington by 1.8% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 95 shares during the last quarter. Finally, Hardy Reed LLC lifted its holdings in Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $182.88 on Friday. The stock’s fifty day moving average is $163.27 and its two-hundred day moving average is $155.10. The firm has a market capitalization of $23.92 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm posted $1.47 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXPD. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Susquehanna boosted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a report on Wednesday. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.56.

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.