Stoneridge Investment Partners LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,448 shares of the transportation company's stock, valued at approximately $603,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hara Capital LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $57,000. Maia Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at about $59,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock valued at $62,000 after purchasing an additional 300 shares in the last quarter. Finally, Asset Dedication LLC boosted its holdings in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock worth $72,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 94.02% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on EXPD shares. Barclays increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Bank of America dropped their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. StockNews.com upgraded Expeditors International of Washington from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $117.44.
View Our Latest Stock Report on EXPD
Insider Activity
In other news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.69% of the company's stock.
Expeditors International of Washington Price Performance
Shares of NASDAQ:EXPD traded down $1.38 during trading on Wednesday, hitting $111.01. 1,095,805 shares of the company were exchanged, compared to its average volume of 1,002,668. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The stock has a 50 day moving average of $113.18 and a 200 day moving average of $118.78. The company has a market cap of $15.54 billion, a PE ratio of 21.64, a P/E/G ratio of 3.77 and a beta of 0.98.
Expeditors International of Washington Company Profile
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Free Report)
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.
See Also
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