Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.8% during the fourth quarter, Holdings Channel reports. The firm owned 13,824 shares of the transportation company’s stock after purchasing an additional 3,493 shares during the period. Nomura Holdings Inc.’s holdings in Expeditors International of Washington were worth $1,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Expeditors International of Washington by 2.4% during the third quarter. Barclays PLC now owns 571,548 shares of the transportation company’s stock worth $75,099,000 after acquiring an additional 13,479 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Expeditors International of Washington by 14.9% during the fourth quarter. Park Avenue Securities LLC now owns 2,885 shares of the transportation company’s stock worth $320,000 after acquiring an additional 374 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Expeditors International of Washington by 19.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 11,051 shares of the transportation company’s stock worth $1,224,000 after acquiring an additional 1,832 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $1,717,000. Finally, Ballentine Partners LLC grew its position in shares of Expeditors International of Washington by 12.3% during the fourth quarter. Ballentine Partners LLC now owns 1,897 shares of the transportation company’s stock worth $210,000 after acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Barclays lowered their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 7th. Truist Financial lowered their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research 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 company’s stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $113.89.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $118.10 on Friday. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 20.65, 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 firm’s fifty day moving average price is $112.26 and its 200 day moving average price is $114.71.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given 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. This represents a dividend yield of 1.4%. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington’s 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.