Counterpoint Mutual Funds LLC Acquires Shares of 2,738 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,738 shares of the transportation company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPD. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after buying an additional 987,233 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $55,036,000. Two Sigma Advisers LP increased its position in shares of Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after purchasing an additional 399,800 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $36,865,000. Finally, KBC Group NV increased its position in shares of Expeditors International of Washington by 836.7% during the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock worth $37,629,000 after purchasing an additional 303,438 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EXPD shares. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. UBS Group lowered their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Bank of America lowered their price objective 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. Finally, Susquehanna boosted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $115.90.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at $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 is available through the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded up $0.52 on Friday, reaching $116.19. 3,645,503 shares of the company were exchanged, compared to its average volume of 1,175,742. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a market cap of $16.04 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The stock's 50 day moving average price is $114.97 and its 200-day moving average price is $118.00.

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.