Point72 DIFC Ltd Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Point72 DIFC Ltd boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14,826.4% in the 3rd quarter, Holdings Channel reports. The fund owned 21,494 shares of the transportation company’s stock after purchasing an additional 21,350 shares during the period. Point72 DIFC Ltd’s holdings in Expeditors International of Washington were worth $2,824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. Point72 Asset Management L.P. purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $4,363,000. Ascent Group LLC grew its stake in shares of Expeditors International of Washington by 311.5% during the 3rd quarter. Ascent Group LLC now owns 13,321 shares of the transportation company’s stock valued at $1,750,000 after buying an additional 10,084 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Expeditors International of Washington by 6,123.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 62,048 shares of the transportation company’s stock valued at $8,153,000 after buying an additional 61,051 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of Expeditors International of Washington by 529.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 13,345 shares of the transportation company’s stock valued at $1,754,000 after buying an additional 11,225 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $930,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $121.22 on Thursday. The firm has a market cap of $16.97 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.45 and a beta of 0.97. The firm’s 50-day simple moving average is $121.46 and its 200-day simple moving average is $122.03. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

EXPD has been the subject of several research reports. TD Cowen boosted their price objective 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. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report 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, Expeditors International of Washington presently has an average rating of “Hold” and an average 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.