Point72 DIFC Ltd Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Point72 DIFC Ltd raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 14,826.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,494 shares of the transportation company's stock after purchasing an additional 21,350 shares during the quarter. Point72 DIFC Ltd's holdings in Expeditors International of Washington were worth $2,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. increased its position in shares of Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock worth $51,089,000 after acquiring an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC increased its position in shares of Expeditors International of Washington by 15,046.0% during the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after acquiring an additional 265,111 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after acquiring an additional 257,791 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Expeditors International of Washington by 140.2% during the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company's stock worth $57,702,000 after acquiring an additional 256,317 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded down $0.75 during trading hours on Thursday, hitting $120.45. The company had a trading volume of 1,027,410 shares, compared to its average volume of 1,208,767. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The company has a market cap of $16.86 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 3.44 and a beta of 0.97. The business has a 50 day moving average of $121.34 and a 200-day moving average of $122.02.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Expeditors International of Washington's revenue for the quarter was up 37.0% on a year-over-year basis. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington's dividend payout ratio is presently 28.46%.

Analyst Ratings Changes

EXPD has been the topic of a number of recent research reports. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Barclays boosted their target price on shares of 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. Finally, Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the stock 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.