Tidal Investments LLC Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tidal Investments LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 69.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,287 shares of the transportation company's stock after purchasing an additional 3,820 shares during the period. Tidal Investments LLC's holdings in Expeditors International of Washington were worth $1,029,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. grew its holdings in shares of 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 valued at $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $39,000. Colonial Trust Co SC raised its position in Expeditors International of Washington by 58.6% during the fourth 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 period. Finally, Parvin Asset Management LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $42,000. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on EXPD shares. Barclays dropped their target price on 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. UBS Group dropped 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 note on Wednesday, May 7th. TD Cowen reduced 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 report on Wednesday, May 7th. Susquehanna upped their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, Truist Financial decreased their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $0.38 during trading hours on Friday, reaching $112.90. The company had a trading volume of 253,695 shares, compared to its average volume of 1,287,613. The business's 50 day moving average price is $111.80 and its 200-day moving average price is $114.38. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The firm has a market cap of $15.46 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.77 dividend. This represents a yield of 1.4%. 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. 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.