Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Reduced by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 83.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,922 shares of the transportation company's stock after selling 51,595 shares during the quarter. Achmea Investment Management B.V.'s holdings in Expeditors International of Washington were worth $1,194,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock worth $19,343,000 after buying an additional 56,008 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Expeditors International of Washington by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after acquiring an additional 430 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Expeditors International of Washington during the 1st quarter valued at $200,000. Farther Finance Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 11.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after acquiring an additional 109 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Expeditors International of Washington during the 4th quarter worth $13,008,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXPD. Truist Financial raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday. TD Cowen lowered 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. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday. They set a "neutral" rating and a $124.00 target price on the stock. 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. Finally, Barclays decreased their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded up $3.70 during trading on Tuesday, hitting $117.95. The company's stock had a trading volume of 1,210,200 shares, compared to its average volume of 1,248,118. The company has a market capitalization of $16.15 billion, a PE ratio of 20.62, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The stock's 50-day moving average price is $112.77 and its two-hundred day moving average price is $113.24.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase 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 currently 25.58%.

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.