GeoWealth Management LLC Sells 2,868 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

GeoWealth Management LLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 83.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 555 shares of the transportation company's stock after selling 2,868 shares during the period. GeoWealth Management LLC's holdings in Expeditors International of Washington were worth $61,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after acquiring an additional 987,233 shares during the period. Norges Bank acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at $107,863,000. Boston Partners raised its stake in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares in the last quarter. Madison Investment Advisors LLC bought a new position in Expeditors International of Washington in the fourth quarter worth $55,036,000. Finally, Raymond James Financial Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter worth $36,865,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock traded down $0.03 during trading hours on Thursday, reaching $109.88. 309,826 shares of the company were exchanged, compared to its average volume of 1,267,175. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The stock's fifty day moving average is $113.89 and its two-hundred day moving average is $115.43. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 5.00 and a beta of 1.03.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXPD. Truist Financial decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Stifel Nicolaus reduced 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 research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $115.40.

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.