Stevens Capital Management LP Buys New Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Stevens Capital Management LP purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,595 shares of the transportation company's stock, valued at approximately $1,174,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. First Eagle Investment Management LLC raised 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 acquiring an additional 987,233 shares in the last quarter. Boston Partners increased its position in Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares during the period. Madison Investment Advisors LLC bought a new position in Expeditors International of Washington in the 4th quarter worth $55,036,000. Two Sigma Advisers LP lifted its position in shares of Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after purchasing an additional 399,800 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $36,865,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

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Expeditors International of Washington Trading Up 1.0 %

NASDAQ:EXPD traded up $1.15 on Thursday, reaching $120.32. 942,445 shares of the stock traded hands, compared to its average volume of 1,180,368. The company has a market capitalization of $16.61 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company's fifty day simple moving average is $115.60 and its 200 day simple moving average is $117.89.

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 that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value 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 approximately $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus dropped 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. Bank of America decreased their price objective on 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. Truist Financial began coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They set a "hold" rating and a $110.00 target price on the stock. Finally, StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.