Caxton Associates LLP Acquires New Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Caxton Associates LLP acquired a stake of 14,351 shares in Expeditors International valued at approximately $1,726,000 in the first quarter of 2023.
• Expeditors International's stock is currently trading at $121.82, with a market capitalization of $16.53 billion and an average analyst rating of "Reduce."
• Insider activity includes VP Jeffrey F. Dickerman selling 1,470 shares at an average price of $118.05, resulting in a significant decrease in his holdings in the company.

Caxton Associates LLP purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 14,351 shares of the transportation company's stock, valued at approximately $1,726,000.

Other large investors also recently bought and sold shares of the company. Voleon Capital Management LP lifted its position in shares of Expeditors International of Washington by 67.8% in the first quarter. Voleon Capital Management LP now owns 11,255 shares of the transportation company's stock valued at $1,353,000 after acquiring an additional 4,548 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Expeditors International of Washington by 1.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 821,675 shares of the transportation company's stock valued at $98,806,000 after purchasing an additional 11,404 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company's stock worth $279,000 after purchasing an additional 999 shares during the last quarter. USS Investment Management Ltd grew its holdings in shares of Expeditors International of Washington by 12.3% during the first quarter. USS Investment Management Ltd now owns 31,657 shares of the transportation company's stock worth $3,806,000 after buying an additional 3,462 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Expeditors International of Washington by 4.8% in the first quarter. UniSuper Management Pty Ltd now owns 19,724 shares of the transportation company's stock valued at $2,372,000 after buying an additional 900 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.2%

EXPD stock traded up $0.26 during mid-day trading on Friday, hitting $123.61. 1,058,851 shares of the company were exchanged, compared to its average volume of 1,352,780. The business has a fifty day simple moving average of $118.17 and a 200-day simple moving average of $115.21. The firm has a market capitalization of $16.78 billion, a P/E ratio of 21.61, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Truist Financial boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Baird R W raised Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. UBS Group boosted their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Robert W. Baird began coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $114.78.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

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.