Exchange Traded Concepts LLC Grows Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Exchange Traded Concepts LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 33.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,023 shares of the transportation company's stock after acquiring an additional 4,001 shares during the period. Exchange Traded Concepts LLC's holdings in Expeditors International of Washington were worth $1,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $39,000. Colonial Trust Co SC boosted its holdings in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $42,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target 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. Barclays decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. UBS Group reduced 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. Finally, Truist Financial reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $0.76 during midday trading on Thursday, hitting $113.05. 1,003,890 shares of the stock were exchanged, compared to its average volume of 1,263,699. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The firm has a market cap of $15.48 billion, a P/E ratio of 19.76, a P/E/G ratio of 5.00 and a beta of 1.07. The company has a 50 day moving average price of $111.63 and a two-hundred day moving average price of $113.67.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's 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.