Madison Investment Advisors LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 496,852 shares of the transportation company's stock, valued at approximately $55,036,000. Madison Investment Advisors LLC owned 0.35% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Venturi Wealth Management LLC grew its stake in Expeditors International of Washington by 25.1% in the third quarter. Venturi Wealth Management LLC now owns 2,586 shares of the transportation company's stock worth $340,000 after purchasing an additional 519 shares in the last quarter. Aigen Investment Management LP bought a new stake in Expeditors International of Washington during the 3rd quarter valued at $304,000. Victory Capital Management Inc. boosted its position in shares of Expeditors International of Washington by 1.7% in the 3rd quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company's stock worth $41,619,000 after purchasing an additional 5,438 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $231,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $302,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on EXPD shares. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Susquehanna lifted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Truist Financial initiated coverage on Expeditors International of Washington in a research note on Thursday. They issued a "hold" rating and a $110.00 price target for the company. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price objective on 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. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $115.90.
Read Our Latest Stock Report on EXPD
Expeditors International of Washington Price Performance
Shares of EXPD stock traded up $1.86 during trading on Monday, hitting $117.01. 1,316,351 shares of the stock traded hands, compared to its average volume of 1,163,504. The firm has a market capitalization of $16.15 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The firm's fifty day moving average price is $114.45 and its 200-day moving average price is $118.16. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.
Insider Activity
In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction that occurred 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 sale, the vice president now owns 7,296 shares of the company's stock, valued at $857,571.84. The trade was 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.
Expeditors International of Washington Profile
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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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