Azzad Asset Management Inc. ADV Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Azzad Asset Management Inc. ADV bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 55,010 shares of the transportation company's stock, valued at approximately $6,615,000. Expeditors International of Washington makes up approximately 0.8% of Azzad Asset Management Inc. ADV's portfolio, making the stock its 15th largest position.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Expeditors International of Washington by 37.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after buying an additional 20,658 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth $13,008,000. Focus Partners Wealth bought a new stake in Expeditors International of Washington during the fourth quarter worth $432,000. Finally, Jones Financial Companies Lllp lifted its stake in Expeditors International of Washington by 11.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company's stock valued at $147,000 after acquiring an additional 140 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Truist Financial cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. TD Cowen reduced their target price 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, May 7th. Finally, Barclays dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded down $1.35 during mid-day trading on Tuesday, reaching $113.76. 1,092,145 shares of the company's stock were exchanged, compared to its average volume of 1,265,134. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The business's fifty day simple moving average is $111.57 and its two-hundred day simple moving average is $113.68. The firm has a market capitalization of $15.58 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is 25.58%.

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.