Mirae Asset Global Investments Co. Ltd. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,953 shares of the transportation company's stock after acquiring an additional 5,480 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Expeditors International of Washington worth $10,090,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $4,363,000. Franklin Resources Inc. raised its holdings 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 worth $23,623,000 after acquiring an additional 30,785 shares during the last quarter. Pensionfund Sabic bought a new stake in Expeditors International of Washington in the 4th quarter worth about $1,329,000. Finally, Drystone LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth about $5,925,000. Institutional investors and hedge funds own 94.02% of the company's stock.
Expeditors International of Washington Stock Performance
NASDAQ EXPD traded up $1.96 on Monday, hitting $112.35. The stock had a trading volume of 388,317 shares, compared to its average volume of 993,416. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The firm has a 50-day moving average of $113.73 and a 200-day moving average of $119.00.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced 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 report on Thursday, January 23rd. Barclays upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a research report on Saturday. TD Cowen increased their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Finally, Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $117.44.
Read Our Latest Report on Expeditors International of Washington
Insiders Place Their Bets
In other news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.
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.
Featured Articles
Before you consider Expeditors International of Washington, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expeditors International of Washington wasn't on the list.
While Expeditors International of Washington currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
