D. E. Shaw & Co. Inc. Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

D. E. Shaw & Co. Inc. boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 64.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,023 shares of the transportation company's stock after buying an additional 127,469 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.23% of Expeditors International of Washington worth $36,003,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EXPD. Deutsche Bank AG raised its holdings in Expeditors International of Washington by 25.8% in the 4th quarter. Deutsche Bank AG now owns 889,741 shares of the transportation company's stock valued at $98,557,000 after buying an additional 182,566 shares during the last quarter. Colonial Trust Co SC raised its holdings in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Camrose Capital Investment Partners LLP bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $9,155,000. Centiva Capital LP raised its holdings in Expeditors International of Washington by 249.6% during the 4th quarter. Centiva Capital LP now owns 7,264 shares of the transportation company's stock worth $805,000 after purchasing an additional 5,186 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $2,435,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.9%

Expeditors International of Washington stock traded down $1.03 during midday trading on Wednesday, reaching $114.28. The stock had a trading volume of 1,237,843 shares, compared to its average volume of 1,275,355. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The firm's 50-day moving average price is $112.64 and its 200 day moving average price is $114.79. The firm has a market capitalization of $15.74 billion, a PE ratio of 19.98, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.77 dividend. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. Expeditors International of Washington's payout ratio is currently 25.58%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Susquehanna raised their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Truist Financial reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. TD Cowen reduced their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Finally, Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $113.70.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. The trade was a 14.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by company insiders.

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.