First Trust Advisors LP boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 33.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,734,816 shares of the transportation company's stock after acquiring an additional 690,539 shares during the period. First Trust Advisors LP owned about 1.95% of Expeditors International of Washington worth $302,936,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington in the fourth quarter worth $39,000. Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington in the third quarter valued at $57,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at $52,000. Finally, TD Private Client Wealth LLC grew its position in shares of Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock worth $54,000 after acquiring an additional 142 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction dated 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by company insiders.
Expeditors International of Washington Trading Up 2.7 %
Shares of NASDAQ EXPD traded up $2.93 during mid-day trading on Thursday, reaching $110.02. The company had a trading volume of 547,060 shares, compared to its average volume of 1,272,693. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a market cap of $15.16 billion, a PE ratio of 19.23, a P/E/G ratio of 5.00 and a beta of 1.03. The company has a 50-day moving average price of $114.61 and a two-hundred day moving average price of $115.85.
Wall Street Analysts Forecast Growth
EXPD has been the subject of a number of recent analyst reports. 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. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Susquehanna increased 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 report on Monday, March 3rd. Finally, UBS Group dropped their price target on shares of 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 given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $115.40.
Check Out Our Latest Stock Analysis on EXPD
Expeditors International of Washington Profile
(
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.
Further Reading
Before you consider Expeditors International of Washington, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expeditors International of Washington wasn't on the list.
While Expeditors International of Washington currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
