Headlands Technologies LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 88.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 712 shares of the transportation company's stock after selling 5,671 shares during the quarter. Headlands Technologies LLC's holdings in Expeditors International of Washington were worth $79,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position in shares of 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 worth $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington during the 4th quarter worth $39,000. TD Private Client Wealth LLC grew its position in Expeditors International of Washington by 41.0% during the 4th 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 during the last quarter. New Age Alpha Advisors LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at about $57,000. Institutional investors and hedge funds own 94.02% of the company's stock.
Insider Buying and Selling
In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred 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 in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on EXPD. Bank of America lowered 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. UBS Group dropped their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Truist Financial assumed coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They set a "hold" rating and a $110.00 price target for the company. Stifel Nicolaus lowered their price objective 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. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $115.90.
Check Out Our Latest Report on EXPD
Expeditors International of Washington Trading Up 1.7 %
Shares of NASDAQ:EXPD traded up $1.87 on Friday, reaching $110.13. 2,297,248 shares of the company were exchanged, compared to its average volume of 1,279,709. The company has a 50-day moving average of $115.31 and a 200-day moving average of $116.82. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59.
About Expeditors International of Washington
(
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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