3,809 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,809 shares of the transportation company's stock, valued at approximately $422,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC grew its stake in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after acquiring an additional 987,233 shares during the period. Norges Bank purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $107,863,000. Boston Partners boosted its position in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares during the period. First Trust Advisors LP increased its stake in shares of Expeditors International of Washington by 33.8% in the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after purchasing an additional 690,539 shares in the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $55,036,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXPD. UBS Group reduced 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 research note on Wednesday, February 19th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Finally, Stifel Nicolaus decreased 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. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $115.40.

Expeditors International of Washington Trading Down 0.2 %

EXPD stock opened at $109.66 on Friday. The company's 50 day moving average is $113.75 and its 200 day moving average is $115.34. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company's stock.

Expeditors International of Washington Company Profile

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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