Natixis Advisors LLC Has $56.15 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Natixis Advisors LLC reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506,950 shares of the transportation company's stock after selling 122,083 shares during the quarter. Natixis Advisors LLC owned 0.36% of Expeditors International of Washington worth $56,154,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after purchasing an additional 987,233 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after buying an additional 257,791 shares during the period. Marshfield Associates raised its position in shares of Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company's stock worth $238,889,000 after buying an additional 6,878 shares in the last quarter. Amundi lifted its stake in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company's stock worth $163,653,000 after acquiring an additional 8,101 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Expeditors International of Washington by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company's stock valued at $139,484,000 after acquiring an additional 98,197 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Remove Ads

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded down $0.74 during mid-day trading on Thursday, hitting $115.66. The stock had a trading volume of 1,297,110 shares, compared to its average volume of 1,167,747. The company's 50 day moving average is $114.76 and its 200-day moving average is $118.07. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The company has a market cap of $15.97 billion, a PE ratio of 20.22, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Activity at Expeditors International of Washington

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus cut their target price on 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. Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Truist Financial assumed coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a "hold" rating and a $110.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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 equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $115.90.

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.