Renaissance Technologies LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 159,516 shares of the transportation company's stock after selling 80,400 shares during the quarter. Renaissance Technologies LLC owned 0.11% of Expeditors International of Washington worth $17,670,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of EXPD. SRS Capital Advisors Inc. grew its position in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth $39,000. Aster Capital Management DIFC Ltd purchased a new position in Expeditors International of Washington during the fourth quarter valued at $52,000. TD Private Client Wealth LLC increased its position in Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock worth $54,000 after buying an additional 142 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $54,000. Institutional investors own 94.02% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on EXPD shares. Truist Financial began coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a "hold" rating and a $110.00 target price on the stock. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Finally, Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and an average target price of $115.90.
View Our Latest Research Report on EXPD
Expeditors International of Washington Price Performance
Shares of EXPD traded up $1.19 during midday trading on Thursday, hitting $106.67. The stock had a trading volume of 1,271,469 shares, compared to its average volume of 1,280,021. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock's 50 day moving average is $115.21 and its 200 day moving average is $116.51. The firm has a market cap of $14.69 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.
Insider Buying and Selling
In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is currently owned by corporate insiders.
About Expeditors International of Washington
(
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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