Axa S.A. Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

AXA S.A. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 303,785 shares of the transportation company's stock after selling 47,454 shares during the quarter. AXA S.A. owned about 0.22% of Expeditors International of Washington worth $33,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. raised its position in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $39,000. Parvin Asset Management LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth about $42,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $52,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD stock traded up $1.77 during midday trading on Wednesday, reaching $107.95. 3,163,200 shares of the company's stock traded hands, compared to its average volume of 1,274,170. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The firm has a market capitalization of $14.87 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The company has a 50-day moving average price of $113.31 and a two-hundred day moving average price of $115.07.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. The ex-dividend date is Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington's payout ratio is presently 25.52%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXPD. Truist Financial lowered their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Bank of America dropped their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. TD Cowen decreased their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.70.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company's stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.