ExodusPoint Capital Management LP Invests $7.30 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ExodusPoint Capital Management LP acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 65,885 shares of the transportation company's stock, valued at approximately $7,298,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPD. First Eagle Investment Management LLC grew its stake in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after buying an additional 987,233 shares during the last quarter. Boston Partners raised its position in Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares during the last quarter. Geode Capital Management LLC grew its position in Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after purchasing an additional 57,736 shares during the last quarter. Marshfield Associates increased its stake in Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company's stock valued at $238,889,000 after purchasing an additional 6,878 shares during the period. Finally, Amundi raised its holdings in shares of Expeditors International of Washington by 0.6% in the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company's stock valued at $163,653,000 after buying an additional 8,101 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm'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 completion of the sale, the vice president now directly owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

EXPD has been the subject of several analyst reports. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Truist Financial started coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 target price on the stock. UBS Group cut their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Susquehanna lifted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $115.90.

Expeditors International of Washington Trading Down 2.7 %

Shares of NASDAQ EXPD traded down $2.96 on Thursday, reaching $106.97. 483,997 shares of the company traded hands, compared to its average volume of 1,269,208. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company has a 50 day moving average of $115.41 and a 200 day moving average of $117.08. The stock has a market capitalization of $14.74 billion, a PE ratio of 18.62, a P/E/G ratio of 5.00 and a beta of 1.03.

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.