Schonfeld Strategic Advisors LLC Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Schonfeld Strategic Advisors LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 42.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,048 shares of the transportation company's stock after selling 5,267 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Expeditors International of Washington were worth $781,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $39,000. Aster Capital Management DIFC Ltd purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $52,000. Finally, TD Private Client Wealth LLC raised its position in Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock valued at $54,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXPD. Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Barclays dropped their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. TD Cowen dropped their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Finally, Susquehanna boosted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $113.70.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded up $7.06 during trading hours on Monday, reaching $116.16. The company's stock had a trading volume of 1,809,341 shares, compared to its average volume of 1,273,722. The stock has a market cap of $16.00 billion, a PE ratio of 20.31, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company's 50-day moving average is $112.78 and its two-hundred day moving average is $114.81.

Expeditors International of Washington Increases Dividend

The firm 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 represents a yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

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.