Zurich Insurance Group Ltd FI Invests $1.46 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zurich Insurance Group Ltd FI bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 13,200 shares of the transportation company's stock, valued at approximately $1,462,000.

Other large investors also recently made changes to their positions in the company. Vident Advisory LLC grew its position in Expeditors International of Washington by 98.1% in the 4th quarter. Vident Advisory LLC now owns 10,986 shares of the transportation company's stock valued at $1,217,000 after purchasing an additional 5,439 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Expeditors International of Washington by 57.0% in the fourth quarter. Two Sigma Advisers LP now owns 669,700 shares of the transportation company's stock valued at $74,183,000 after buying an additional 243,200 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Expeditors International of Washington by 69.9% during 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 last quarter. State of Wyoming increased 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 worth $606,000 after acquiring an additional 4,451 shares in the last quarter. Finally, Rafferty Asset Management LLC increased 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 worth $1,829,000 after acquiring an additional 1,228 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXPD shares. UBS Group cut their price target on 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. Truist Financial dropped their target price on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Barclays decreased their price target on 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. Susquehanna increased their price target on 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, JPMorgan Chase & Co. cut their price objective 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. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded down $1.14 during trading on Monday, reaching $112.55. The company's stock 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 12 month low of $100.47 and a 12 month high of $131.59. The firm 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 firm has a 50 day moving average of $112.08 and a 200-day moving average of $114.49.

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 given a dividend of $0.77 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend 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.