Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 145.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,297 shares of the transportation company's stock after purchasing an additional 3,732 shares during the quarter. Simplicity Wealth LLC's holdings in Expeditors International of Washington were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC boosted its position in shares of Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after buying an additional 987,233 shares during the period. Norges Bank purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at $107,863,000. Boston Partners grew its holdings in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares during the last quarter. First Trust Advisors LP increased its stake in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after buying an additional 690,539 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after buying an additional 503,833 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of research analyst reports. Truist Financial dropped their target price 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. Wall Street Zen lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. 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 research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Finally, Barclays reduced 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 report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Price Performance

Shares of EXPD stock traded up $0.16 during mid-day trading on Thursday, hitting $114.61. 755,885 shares of the stock traded hands, compared to its average volume of 1,264,785. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The stock has a market cap of $15.70 billion, a P/E ratio of 20.04, a P/E/G ratio of 5.00 and a beta of 1.07. The stock's fifty day moving average is $110.83 and its two-hundred day moving average is $113.93.

Expeditors International of Washington Increases Dividend

The firm 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 of this dividend is Monday, June 2nd. This represents a dividend yield of 1.4%. 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.