Hsbc Holdings PLC Increases Stock Position in Expeditors International of Washington, Inc. $EXPD

Hsbc Holdings PLC lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.4% in the second quarter, HoldingsChannel.com reports. The fund owned 666,238 shares of the transportation company’s stock after purchasing an additional 45,887 shares during the period. Hsbc Holdings PLC’s holdings in Expeditors International of Washington were worth $77,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Avantax Advisory Services Inc. grew its position in Expeditors International of Washington by 6.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,426 shares of the transportation company’s stock worth $292,000 after purchasing an additional 149 shares during the period. Cetera Investment Advisers raised its stake in Expeditors International of Washington by 19.9% during the 1st quarter. Cetera Investment Advisers now owns 13,540 shares of the transportation company’s stock valued at $1,628,000 after buying an additional 2,246 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Expeditors International of Washington by 8.5% in the 1st quarter. LPL Financial LLC now owns 139,905 shares of the transportation company’s stock worth $16,824,000 after buying an additional 10,994 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Expeditors International of Washington by 44.4% in the 1st quarter. Mackenzie Financial Corp now owns 55,602 shares of the transportation company’s stock worth $6,686,000 after buying an additional 17,095 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Expeditors International of Washington by 35.3% in the 1st quarter. Federated Hermes Inc. now owns 12,285 shares of the transportation company’s stock worth $1,477,000 after buying an additional 3,203 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.6%

Shares of Expeditors International of Washington stock opened at $146.41 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $148.38. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 5.00 and a beta of 1.09. The stock’s 50-day simple moving average is $127.97 and its 200-day simple moving average is $120.75.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.77 dividend. This represents a dividend yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s payout ratio is 25.12%.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, November 6th. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a research report on Wednesday, November 5th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $138.00 to $166.00 in a research note on Monday, November 17th. Barclays raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average price target of $131.89.

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.