Alpine Global Management LLC Invests $504,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alpine Global Management LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,551 shares of the transportation company's stock, valued at approximately $504,000.

Other large investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $25,000. SRS Capital Advisors Inc. increased its position in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $39,000. Colonial Trust Co SC increased its position in shares of 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 valued at $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in Expeditors International of Washington during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EXPD shares. Truist Financial dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Barclays cut their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Finally, TD Cowen lowered their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

EXPD traded down $1.58 during trading on Wednesday, reaching $112.70. The company's stock had a trading volume of 509,785 shares, compared to its average volume of 1,289,761. The company's fifty day moving average price is $111.98 and its 200-day moving average price is $114.44. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

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

About Expeditors International of Washington

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.