AGF Management Ltd. bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 21,284 shares of the transportation company's stock, valued at approximately $2,358,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in Expeditors International of Washington in the 3rd quarter worth $304,000. Victory Capital Management Inc. grew its position in Expeditors International of Washington by 1.7% in the 3rd quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company's stock worth $41,619,000 after purchasing an additional 5,438 shares during the last quarter. MQS Management LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter worth $231,000. KBC Group NV grew its position in Expeditors International of Washington by 3.5% in the 3rd quarter. KBC Group NV now owns 36,267 shares of the transportation company's stock worth $4,765,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Huntington National Bank grew its position in Expeditors International of Washington by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company's stock worth $241,000 after purchasing an additional 127 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have issued reports on EXPD. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a "hold" rating and a $110.00 target price on the stock. Stifel Nicolaus decreased 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. Bank of America decreased their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $115.90.
Check Out Our Latest Stock Report on Expeditors International of Washington
Expeditors International of Washington Trading Down 0.7 %
EXPD stock traded down $0.80 during trading on Wednesday, hitting $116.40. 1,099,245 shares of the stock traded hands, compared to its average volume of 1,349,730. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 5.00 and a beta of 1.00. The company has a 50 day simple moving average of $114.69 and a 200 day simple moving average of $118.08.
Insider Activity
In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 directly owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is owned by insiders.
About Expeditors International of Washington
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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.
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