Millennium Management LLC Cuts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Millennium Management LLC cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 502,326 shares of the transportation company's stock after selling 139,283 shares during the quarter. Millennium Management LLC owned 0.36% of Expeditors International of Washington worth $55,643,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth $25,000. SRS Capital Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington during the 4th quarter valued at about $39,000. Colonial Trust Co SC grew its holdings in Expeditors International of Washington by 58.6% during the 4th 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 last quarter. Finally, Parvin Asset Management LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth about $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Down 0.5%

NASDAQ:EXPD traded down $0.59 during mid-day trading on Thursday, reaching $112.89. The company's stock had a trading volume of 212,011 shares, compared to its average volume of 1,285,554. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock has a fifty day moving average of $112.23 and a 200-day moving average of $114.67. The firm has a market capitalization of $15.46 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.77 dividend. This is an increase 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 yield of 1.4%. Expeditors International of Washington's payout ratio is 25.58%.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. Truist Financial dropped their target price on 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. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Wall Street Zen lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, UBS Group cut their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $113.89.

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.