Two Sigma Investments LP Sells 24,955 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Two Sigma Investments LP lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 569,967 shares of the transportation company's stock after selling 24,955 shares during the period. Two Sigma Investments LP owned approximately 0.41% of Expeditors International of Washington worth $63,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC boosted its holdings in 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 worth $1,029,000 after acquiring an additional 3,820 shares in the last quarter. State of Wyoming lifted its position 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 purchasing an additional 4,451 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of Expeditors International of Washington by 8.0% during the fourth 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 in the last quarter. ProShare Advisors LLC increased its holdings in Expeditors International of Washington by 10.0% during the fourth quarter. ProShare Advisors LLC now owns 1,587,922 shares of the transportation company's stock worth $175,894,000 after buying an additional 144,361 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Expeditors International of Washington by 41.8% during the fourth quarter. Quantinno Capital Management LP now owns 42,381 shares of the transportation company's stock worth $4,695,000 after buying an additional 12,502 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 1.0%

NASDAQ EXPD traded down $1.14 during trading on Friday, hitting $112.55. The company had a trading volume of 1,102,868 shares, compared to its average volume of 1,291,888. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The company's fifty day moving average is $112.08 and its 200-day moving average is $114.53.

Expeditors International of Washington Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXPD. Wall Street Zen downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. TD Cowen dropped their target price 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. Susquehanna lifted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, UBS Group lowered their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $113.89.

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.