Point72 Asset Management L.P. Invests $4.36 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,206 shares of the transportation company's stock, valued at approximately $4,363,000.

Several other large investors also recently modified their holdings of the company. Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the third quarter valued at $26,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington in the second quarter valued at $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter valued at $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the second quarter valued at $52,000. Finally, Maia Wealth LLC bought a new position in shares of Expeditors International of Washington in the third quarter valued at $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Finally, TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Stock Performance

EXPD stock traded up $1.45 during mid-day trading on Monday, hitting $120.73. The company had a trading volume of 499,656 shares, compared to its average volume of 1,204,641. The firm has a market cap of $16.90 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.38 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The stock's fifty day moving average price is $121.01 and its two-hundred day moving average price is $122.08.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company's revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. Equities 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 firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's payout ratio is 28.46%.

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.