Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,070,429 shares of the transportation company's stock after purchasing an additional 987,233 shares during the period. First Eagle Investment Management LLC owned about 2.91% of Expeditors International of Washington worth $450,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock worth $109,536,000 after purchasing an additional 51,265 shares during the period. Franklin Resources Inc. increased its stake in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock worth $23,623,000 after buying an additional 30,785 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $4,363,000. Pensionfund Sabic purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $1,329,000. Finally, Drystone LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $5,925,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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Expeditors International of Washington Price Performance

Shares of EXPD stock traded up $0.24 during trading hours on Tuesday, hitting $117.14. The stock had a trading volume of 1,168,965 shares, compared to its average volume of 1,168,407. The firm has a market capitalization of $16.17 billion, a PE ratio of 20.48, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The stock's 50 day moving average is $114.57 and its 200 day moving average is $118.13.

Insider Activity

In related 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 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 $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Truist Financial started 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 target price on the stock. JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Finally, Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $115.90.

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.