GHP Investment Advisors Inc. Buys 3,837 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

GHP Investment Advisors Inc. increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 90,141 shares of the transportation company's stock after purchasing an additional 3,837 shares during the period. GHP Investment Advisors Inc. owned approximately 0.07% of Expeditors International of Washington worth $10,840,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EXPD. Ieq Capital LLC lifted its stake in shares of Expeditors International of Washington by 8.0% in the fourth quarter. Ieq Capital LLC now owns 14,056 shares of the transportation company's stock valued at $1,557,000 after buying an additional 1,045 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of Expeditors International of Washington by 5.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,951 shares of the transportation company's stock worth $327,000 after acquiring an additional 148 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Expeditors International of Washington by 29.0% in the fourth quarter. Allianz Asset Management GmbH now owns 296,545 shares of the transportation company's stock valued at $32,848,000 after purchasing an additional 66,601 shares in the last quarter. Black Diamond Financial LLC lifted its position in Expeditors International of Washington by 15.3% in the fourth quarter. Black Diamond Financial LLC now owns 2,016 shares of the transportation company's stock worth $223,000 after purchasing an additional 268 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Expeditors International of Washington by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company's stock valued at $108,997,000 after buying an additional 53,738 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on EXPD shares. Susquehanna increased their price target on shares of 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. Barclays dropped their target price 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. TD Cowen decreased their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note 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 research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

EXPD traded down $1.79 during midday trading on Wednesday, hitting $112.37. The company had a trading volume of 932,928 shares, compared to its average volume of 1,247,726. The firm's 50-day simple moving average is $111.93 and its 200-day simple moving average is $113.43. The company has a market capitalization of $15.39 billion, a PE ratio of 19.65, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

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

Expeditors International of Washington 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.