Numerai GP LLC Invests $275,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Numerai GP LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,486 shares of the transportation company’s stock, valued at approximately $275,000.

Other institutional investors have also made changes to their positions in the company. NDVR Inc. grew its holdings in Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock worth $201,000 after acquiring an additional 99 shares during the last quarter. Azimuth Capital Investment Management LLC lifted its position in shares of Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock worth $260,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its stake in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after purchasing an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the topic of several research reports. Barclays reduced their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday, May 7th. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. TD Cowen lowered their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Finally, Susquehanna upped their target price on shares of 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. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $113.89.

Expeditors International of Washington Trading Up 0.5%

Shares of EXPD opened at $114.83 on Friday. The stock has a market cap of $15.73 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock’s 50-day moving average price is $112.24 and its two-hundred day moving average price is $114.75.

Expeditors International of Washington Increases Dividend

The company 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 dividend of $0.77 per share. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.58%.

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.