Generali Asset Management SPA SGR Makes New $3.01 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Generali Asset Management SPA SGR purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,195 shares of the transportation company's stock, valued at approximately $3,012,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc grew its position in Expeditors International of Washington by 8.0% in the third quarter. CIBC Asset Management Inc now owns 20,643 shares of the transportation company's stock worth $2,712,000 after acquiring an additional 1,532 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of Expeditors International of Washington by 15.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 30,413 shares of the transportation company's stock valued at $3,996,000 after purchasing an additional 4,129 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Expeditors International of Washington in the 3rd quarter worth approximately $1,685,000. Portfolio Design Labs LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $2,010,000. Finally, Moran Wealth Management LLC increased its position in shares of Expeditors International of Washington by 0.5% during the 3rd quarter. Moran Wealth Management LLC now owns 56,628 shares of the transportation company's stock valued at $7,441,000 after purchasing an additional 290 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several research analysts have commented on EXPD shares. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Stifel Nicolaus decreased their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, Truist Financial began coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $115.90.

Expeditors International of Washington Stock Up 1.3 %

NASDAQ:EXPD traded up $1.57 during midday trading on Monday, hitting $117.87. The stock had a trading volume of 1,331,712 shares, compared to its average volume of 1,177,848. The stock has a 50-day moving average of $114.97 and a 200 day moving average of $117.92. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by corporate 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.