Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 57.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 669,700 shares of the transportation company's stock after purchasing an additional 243,200 shares during the quarter. Two Sigma Advisers LP owned about 0.48% of Expeditors International of Washington worth $74,183,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EXPD. Tidal Investments LLC lifted its holdings in shares of Expeditors International of Washington by 69.9% in the fourth quarter. Tidal Investments LLC now owns 9,287 shares of the transportation company's stock valued at $1,029,000 after buying an additional 3,820 shares during the period. State of Wyoming grew its holdings in shares of Expeditors International of Washington by 435.9% during the fourth quarter. State of Wyoming now owns 5,472 shares of the transportation company's stock valued at $606,000 after buying an additional 4,451 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Expeditors International of Washington by 8.0% in the 4th quarter. Rafferty Asset Management LLC now owns 16,508 shares of the transportation company's stock valued at $1,829,000 after purchasing an additional 1,228 shares during the period. ProShare Advisors LLC increased its stake in Expeditors International of Washington by 10.0% in the 4th quarter. ProShare Advisors LLC now owns 1,587,922 shares of the transportation company's stock valued at $175,894,000 after buying an additional 144,361 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Expeditors International of Washington by 41.8% in the fourth quarter. Quantinno Capital Management LP now owns 42,381 shares of the transportation company's stock worth $4,695,000 after acquiring an additional 12,502 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on 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 sale, the vice president now directly owns 7,296 shares of the company's stock, valued at $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 is available at this link. Company insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on 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. Truist Financial reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Susquehanna lifted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Finally, Barclays dropped their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Trading Down 0.3%

Shares of EXPD stock opened at $117.93 on Tuesday. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 5.00 and a beta of 1.09. The firm's 50 day moving average is $112.27 and its 200-day moving average is $114.67. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.4%. This is an increase 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.