Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 529.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,345 shares of the transportation company's stock after purchasing an additional 11,225 shares during the period. Point72 Hong Kong Ltd's holdings in Expeditors International of Washington were worth $1,754,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Swedbank AB acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $2,954,000. Assenagon Asset Management S.A. increased its holdings in shares of Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company's stock valued at $22,814,000 after purchasing an additional 70,329 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $729,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company's stock valued at $3,439,000 after purchasing an additional 10,202 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded up $0.39 during trading on Monday, reaching $121.64. 427,478 shares of the company's stock were exchanged, compared to its average volume of 1,214,356. The stock has a market cap of $17.03 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98. The company has a 50 day moving average price of $121.68 and a two-hundred day moving average price of $121.98. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The business's revenue was up 37.0% compared to the same quarter last year. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is currently 28.46%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent analyst reports. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $118.44.

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.