Renaissance Technologies LLC Has $17.67 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Renaissance Technologies LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 33.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,516 shares of the transportation company's stock after selling 80,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.11% of Expeditors International of Washington worth $17,670,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of EXPD. Bank of Nova Scotia lifted its holdings in shares of Expeditors International of Washington by 88.3% during the 4th quarter. Bank of Nova Scotia now owns 34,024 shares of the transportation company's stock valued at $3,769,000 after buying an additional 15,959 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock valued at $272,874,000 after purchasing an additional 235,409 shares in the last quarter. Bank of Montreal Can boosted its holdings in Expeditors International of Washington by 11.9% in the fourth quarter. Bank of Montreal Can now owns 151,875 shares of the transportation company's stock worth $16,823,000 after purchasing an additional 16,210 shares in the last quarter. Federated Hermes Inc. raised its holdings in Expeditors International of Washington by 60.9% during the fourth quarter. Federated Hermes Inc. now owns 9,082 shares of the transportation company's stock valued at $1,006,000 after buying an additional 3,437 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $52,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

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 sale, the vice president now directly owns 7,296 shares in the company, 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 filing with the SEC, which is available through this link. Insiders own 0.69% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on EXPD. Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Truist Financial started coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a "hold" rating and a $110.00 price objective for the company. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of "Hold" and an average price target of $115.90.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $1.19 during trading hours on Friday, hitting $106.67. 1,288,255 shares of the stock were exchanged, compared to its average volume of 1,281,097. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The business's 50-day moving average is $115.09 and its two-hundred day moving average is $116.34. The stock has a market capitalization of $14.69 billion, a P/E ratio of 18.65, 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.