Atria Wealth Solutions Inc. acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 4,376 shares of the transportation company's stock, valued at approximately $526,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in shares of Expeditors International of Washington by 60.9% in the 4th quarter. Federated Hermes Inc. now owns 9,082 shares of the transportation company's stock worth $1,006,000 after buying an additional 3,437 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $36,865,000. Townsquare Capital LLC grew its position in Expeditors International of Washington by 19.9% in the fourth quarter. Townsquare Capital LLC now owns 22,080 shares of the transportation company's stock valued at $2,446,000 after acquiring an additional 3,664 shares in the last quarter. Mariner LLC boosted its stake in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Mariner LLC now owns 26,738 shares of the transportation company's stock valued at $2,962,000 after buying an additional 1,121 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $293,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
Expeditors International of Washington Stock Performance
Shares of NASDAQ:EXPD traded down $0.04 during trading on Friday, hitting $119.83. 1,171,238 shares of the stock were exchanged, compared to its average volume of 1,378,761. The company's fifty day simple moving average is $115.71 and its 200-day simple moving average is $114.25. The company has a market capitalization of $16.26 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on 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 raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. TD Cowen decreased their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price target for the company from $117.00 to $118.00 in a report on Friday, July 11th. Finally, Barclays reduced their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $114.22.
Read Our Latest Stock Report on EXPD
Insider Buying and Selling
In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the 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 sale, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by corporate insiders.
About Expeditors International of Washington
(
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.
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