Geode Capital Management LLC Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Geode Capital Management LLC lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,392,307 shares of the transportation company's stock after acquiring an additional 57,736 shares during the quarter. Geode Capital Management LLC owned approximately 2.42% of Expeditors International of Washington worth $374,771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC lifted its holdings 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 worth $450,881,000 after buying an additional 987,233 shares in the last quarter. Boston Partners grew its position in shares of Expeditors International of Washington by 29.7% during the fourth 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 in the last quarter. Marshfield Associates increased its holdings in shares of 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 worth $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Amundi lifted its position 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 worth $163,653,000 after buying an additional 8,101 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Expeditors International of Washington by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company's stock valued at $139,484,000 after buying an additional 98,197 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 3.3 %

Shares of EXPD traded down $3.58 during mid-day trading on Thursday, reaching $106.35. The company had a trading volume of 410,458 shares, compared to its average volume of 1,268,913. The stock has a 50 day moving average of $115.41 and a two-hundred day moving average of $117.08. The stock has a market capitalization of $14.65 billion, a P/E ratio of 18.62, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Stifel Nicolaus decreased their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped 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 report on Wednesday, February 19th. Susquehanna boosted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Finally, Truist Financial initiated coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a "hold" rating and a $110.00 price objective on the stock. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $115.90.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by insiders.

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.