Legato Capital Management LLC reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 23.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,257 shares of the transportation company's stock after selling 4,050 shares during the quarter. Legato Capital Management LLC's holdings in Expeditors International of Washington were worth $1,468,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after acquiring an additional 51,265 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $4,363,000. Franklin Resources Inc. increased its stake in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Pensionfund Sabic bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at $1,329,000. Finally, Drystone LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at $5,925,000. 94.02% of the stock is currently owned by institutional investors.
Expeditors International of Washington Price Performance
Shares of NASDAQ:EXPD traded up $1.08 during trading on Friday, hitting $113.82. 1,635,059 shares of the company were exchanged, compared to its average volume of 990,634. The company has a market cap of $15.93 billion, a PE ratio of 22.19, a P/E/G ratio of 3.77 and a beta of 0.98. The stock has a 50 day moving average of $112.91 and a 200 day moving average of $118.62. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.
Insiders Place Their Bets
In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.69% of the company's stock.
Analyst Upgrades and Downgrades
EXPD has been the topic of several recent analyst reports. Bank of America decreased their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Stifel Nicolaus reduced their price target on 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, StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $117.44.
View Our Latest Stock Report on EXPD
Expeditors International of Washington Profile
(
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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