Townsquare Capital LLC Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Townsquare Capital LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 19.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,080 shares of the transportation company's stock after buying an additional 3,664 shares during the period. Townsquare Capital LLC's holdings in Expeditors International of Washington were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in EXPD. Franklin Resources Inc. boosted its holdings in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after buying an additional 30,785 shares in the last quarter. Pensionfund Sabic acquired a new position in Expeditors International of Washington in the fourth quarter valued at $1,329,000. Drystone LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $5,925,000. Allworth Financial LP increased its position in shares of Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Expeditors International of Washington by 37.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock valued at $8,459,000 after purchasing an additional 20,658 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm'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 completion of the transaction, the vice president now 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 the SEC website. Insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXPD. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Bank of America decreased their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. UBS Group dropped their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, Truist Financial initiated 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 for the company. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $115.90.

Expeditors International of Washington Trading Down 1.6 %

Shares of EXPD traded down $1.71 during mid-day trading on Monday, hitting $105.00. The company's stock had a trading volume of 73,263 shares, compared to its average volume of 1,270,263. The firm has a 50-day simple moving average of $114.98 and a 200 day simple moving average of $116.08. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The firm has a market capitalization of $14.46 billion, a P/E ratio of 18.39, a P/E/G ratio of 5.00 and a beta of 1.03.

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.