Alpine Global Management LLC Invests $504,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alpine Global Management LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,551 shares of the transportation company's stock, valued at approximately $504,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXPD. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $39,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington during the 3rd quarter valued at about $57,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $52,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock worth $54,000 after purchasing an additional 142 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Susquehanna lifted 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 note on Monday, March 3rd. Truist Financial cut their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Finally, UBS Group lowered their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $115.40.

Insider Buying and Selling at Expeditors International of Washington

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 stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $2.61 during trading hours on Friday, hitting $108.37. The company had a trading volume of 1,326,911 shares, compared to its average volume of 1,275,287. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The firm's fifty day moving average is $114.36 and its 200 day moving average is $115.70.

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.