Mirae Asset Global Investments Co. Ltd. Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,302 shares of the transportation company's stock after selling 17,651 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.05% of Expeditors International of Washington worth $8,776,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NDVR Inc. raised its stake in Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC boosted its position in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after acquiring an additional 100 shares in the last quarter. Farther Finance Advisors LLC grew 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 purchasing an additional 109 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Expeditors International of Washington by 17.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock valued at $86,000 after purchasing an additional 114 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Expeditors International of Washington by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock valued at $426,000 after purchasing an additional 115 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on EXPD shares. Barclays decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. UBS Group cut their price target on 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. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday. Robert W. Baird started coverage on Expeditors International of Washington in a research note on Tuesday. They issued a "neutral" rating and a $124.00 target price for the company. Finally, TD Cowen lowered their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Trading Up 1.0%

NASDAQ EXPD traded up $1.21 during trading on Wednesday, hitting $119.19. The company had a trading volume of 923,584 shares, compared to its average volume of 1,247,919. The company's fifty day moving average is $112.77 and its 200-day moving average is $113.24. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently announced 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. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. 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.