Point72 Hong Kong Ltd Boosts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Point72 Hong Kong Ltd raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 529.5% during the third quarter, HoldingsChannel.com reports. The firm owned 13,345 shares of the transportation company’s stock after buying an additional 11,225 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Expeditors International of Washington were worth $1,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the third quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth about $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $52,000. Finally, Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth about $59,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $121.64 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The firm has a market capitalization of $17.03 billion, a PE ratio of 23.71, a P/E/G ratio of 3.45 and a beta of 0.98. The business’s fifty day moving average price is $121.68 and its two-hundred day moving average price is $121.95.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm posted $1.16 EPS. Expeditors International of Washington’s quarterly revenue was up 37.0% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.44.

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.