Holocene Advisors LP Cuts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Holocene Advisors LP decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 88.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,178 shares of the transportation company's stock after selling 32,515 shares during the period. Holocene Advisors LP's holdings in Expeditors International of Washington were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ascent Group LLC lifted its stake in shares of Expeditors International of Washington by 311.5% in the 3rd quarter. Ascent Group LLC now owns 13,321 shares of the transportation company's stock valued at $1,750,000 after purchasing an additional 10,084 shares during the period. Benjamin Edwards Inc. grew its position in Expeditors International of Washington by 6,123.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 62,048 shares of the transportation company's stock worth $8,153,000 after purchasing an additional 61,051 shares during the period. Point72 Hong Kong Ltd grew its position in Expeditors International of Washington by 529.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 13,345 shares of the transportation company's stock worth $1,754,000 after purchasing an additional 11,225 shares during the period. Edgestream Partners L.P. acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $930,000. Finally, Verition Fund Management LLC grew its position in shares of Expeditors International of Washington by 6.0% during the 3rd quarter. Verition Fund Management LLC now owns 14,628 shares of the transportation company's stock valued at $1,922,000 after acquiring an additional 822 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 1.0 %

EXPD stock traded down $1.17 during midday trading on Friday, reaching $119.28. The company had a trading volume of 974,507 shares, compared to its average volume of 1,022,427. The company has a market capitalization of $16.70 billion, a P/E ratio of 23.25, a PEG ratio of 3.44 and a beta of 0.97. The company has a 50 day moving average of $121.01 and a two-hundred day moving average of $122.04. 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 announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter last year, the company posted $1.16 earnings per share. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.73 dividend. 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%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXPD. TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Finally, Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus target price of $118.44.

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.