Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3,471.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,064 shares of the transportation company's stock after purchasing an additional 140,030 shares during the quarter. Worldquant Millennium Advisors LLC owned about 0.10% of Expeditors International of Washington worth $15,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NDVR Inc. raised its stake in Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after purchasing an additional 99 shares during the period. Azimuth Capital Investment Management LLC raised its stake in Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after purchasing an additional 100 shares during the period. Manchester Capital Management LLC raised its stake in Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC raised its stake in Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after purchasing an additional 112 shares during the period. Finally, OLD National Bancorp IN raised its stake in Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after purchasing an additional 113 shares during the period. Institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXPD. Barclays reduced their price objective on 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. Wall Street Zen downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Truist Financial cut their target price 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. TD Cowen cut their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Stock Up 1.9%

EXPD traded up $2.10 during trading hours on Tuesday, reaching $114.56. 396,452 shares of the company's stock traded hands, compared to its average volume of 1,288,392. The firm has a 50-day moving average price of $112.00 and a 200 day moving average price of $114.44. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm has a market capitalization of $15.69 billion, a PE ratio of 20.03, a PEG ratio of 5.00 and a beta of 1.09.

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 issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is presently 25.58%.

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.