J. Safra Sarasin Holding AG Acquires Shares of 2,544 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• J. Safra Sarasin Holding AG acquired 2,544 shares of Expeditors International of Washington, valued at approximately $306,000, marking a significant move in institutional investment in the company.
• Expeditors International recently increased its semi-annual dividend from $0.73 to $0.77 per share, reflecting a commitment to returning value to shareholders.
• Analysts are divided on the stock, with ratings ranging from "hold" to "underweight", and a consensus price target of $113.89, indicating cautious sentiment towards future growth.

J. Safra Sarasin Holding AG bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,544 shares of the transportation company's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NDVR Inc. boosted its holdings in Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after purchasing an additional 99 shares during the period. Azimuth Capital Investment Management LLC boosted its position in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after acquiring an additional 100 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of Expeditors International of Washington by 6.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock worth $199,000 after buying an additional 103 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 11.2% in the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock worth $132,000 after acquiring an additional 109 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in Expeditors International of Washington by 2.5% in the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $2.46 during trading on Wednesday, reaching $118.77. The company's stock had a trading volume of 1,483,854 shares, compared to its average volume of 1,389,465. The stock has a market capitalization of $16.27 billion, a PE ratio of 20.76, a P/E/G ratio of 5.00 and a beta of 1.05. The firm has a fifty day moving average of $114.56 and a 200 day moving average of $113.92. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXPD shares. TD Cowen dropped their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target on the stock. Barclays lowered their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. UBS Group boosted their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price objective for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $114.22.

About Expeditors International of Washington

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.