Quarry LP Buys 4,918 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Quarry LP raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6,557.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,993 shares of the transportation company's stock after buying an additional 4,918 shares during the period. Quarry LP's holdings in Expeditors International of Washington were worth $553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EXPD. Berger Financial Group Inc increased its position in Expeditors International of Washington by 2.2% in the 4th quarter. Berger Financial Group Inc now owns 40,806 shares of the transportation company's stock worth $4,520,000 after purchasing an additional 864 shares during the last quarter. Oxford Asset Management LLP bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $582,000. Boothbay Fund Management LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $232,000. Coldstream Capital Management Inc. grew its position in Expeditors International of Washington by 6.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 26,473 shares of the transportation company's stock worth $2,932,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth $422,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction 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 owns 7,296 shares of the company's stock, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXPD shares. 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. Truist Financial reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Susquehanna raised their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Bank of America cut 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. Finally, UBS Group lowered their price target on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $115.40.

Expeditors International of Washington Stock Up 3.0 %

Expeditors International of Washington stock traded up $3.30 on Friday, hitting $112.91. The company's stock had a trading volume of 519,476 shares, compared to its average volume of 1,266,859. The firm has a market cap of $15.55 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The company has a fifty day moving average price of $113.75 and a 200-day moving average price of $115.34. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

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.