Banco Santander S.A. Has $10.89 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Banco Santander S.A. increased its stake in Expeditors International by 5.9%, owning 90,570 shares valued at approximately $10.89 million as of the end of the first quarter.
• Institutional investors hold a significant majority, owning 94.02% of Expeditors International, with several firms like Wealth Enhancement Advisory Services LLC and State of Alaska Department of Revenue also boosting their stakes.
• Expeditors International of Washington recently raised its semi-annual dividend from $0.73 to $0.77 per share, indicating a positive change in its dividend policy.

Banco Santander S.A. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,570 shares of the transportation company's stock after acquiring an additional 5,066 shares during the quarter. Banco Santander S.A. owned about 0.07% of Expeditors International of Washington worth $10,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Orion Portfolio Solutions LLC grew its stake in Expeditors International of Washington by 8.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company's stock valued at $261,000 after acquiring an additional 193 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after purchasing an additional 57,736 shares in the last quarter. Huntington National Bank increased its holdings in shares of Expeditors International of Washington by 65.0% during the 4th quarter. Huntington National Bank now owns 3,027 shares of the transportation company's stock worth $335,000 after buying an additional 1,192 shares during the last quarter. World Investment Advisors lifted its holdings in Expeditors International of Washington by 44.7% during the 4th quarter. World Investment Advisors now owns 2,442 shares of the transportation company's stock worth $271,000 after buying an additional 754 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth $7,298,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXPD. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Truist Financial raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Baird R W raised Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Finally, UBS Group increased 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. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $114.22.

Expeditors International of Washington Trading Down 1.0%

Shares of NASDAQ:EXPD traded down $1.23 during trading on Thursday, reaching $117.51. 209,285 shares of the stock were exchanged, compared to its average volume of 1,381,298. The firm has a market cap of $16.09 billion, a PE ratio of 20.53, a PEG ratio of 5.00 and a beta of 1.05. The stock has a 50-day moving average price of $114.70 and a 200-day moving average price of $113.95. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

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.