GeoWealth Management LLC Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

GeoWealth Management LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 83.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 555 shares of the transportation company's stock after selling 2,868 shares during the period. GeoWealth Management LLC's holdings in Expeditors International of Washington were worth $61,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. First Eagle Investment Management LLC raised its holdings in 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 during the last quarter. Boston Partners raised its holdings in Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after buying an additional 869,637 shares during the last quarter. Geode Capital Management LLC raised its holdings in Expeditors International of Washington by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after buying an additional 57,736 shares during the last quarter. Invesco Ltd. raised its holdings in Expeditors International of Washington by 10.6% in the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after buying an additional 235,409 shares during the last quarter. Finally, Amundi raised its holdings in 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 during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the subject of several research reports. JPMorgan Chase & Co. decreased 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 report on Wednesday, February 19th. 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 report on Thursday, January 23rd. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Truist Financial decreased their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Susquehanna boosted their price objective 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. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average price target of $115.40.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Trading Down 0.2 %

NASDAQ EXPD traded down $0.24 during trading hours on Tuesday, hitting $108.45. 1,125,367 shares of the company's stock traded hands, compared to its average volume of 1,275,056. The business's fifty day moving average price is $114.21 and its two-hundred day moving average price is $115.52. The firm has a market capitalization of $14.94 billion, a P/E ratio of 18.96, a P/E/G 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.

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.