Virtu Financial LLC Acquires Shares of 8,478 Expeditors International of Washington, Inc. $EXPD

Virtu Financial LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,478 shares of the transportation company’s stock, valued at approximately $1,263,000.

Several other hedge funds also recently made changes to their positions in EXPD. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $28,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $32,000. Geneos Wealth Management Inc. lifted its stake in Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its stake in Expeditors International of Washington by 1,723.1% during the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after purchasing an additional 224 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent research reports. Susquehanna boosted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Truist Financial decreased their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. UBS Group boosted their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $161.29 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52. The business’s fifty day moving average price is $155.24 and its two-hundred day moving average price is $152.60. The company has a market capitalization of $21.09 billion, a P/E ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.