Voya Investment Management LLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,431 shares of the transportation company's stock after selling 3,568 shares during the period. Voya Investment Management LLC's holdings in Expeditors International of Washington were worth $5,475,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Franklin Resources Inc. increased its holdings in 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 purchasing an additional 30,785 shares during the last quarter. Pensionfund Sabic acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $1,329,000. Drystone LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $5,925,000. Allworth Financial LP lifted its stake in Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Expeditors International of Washington by 37.4% during 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 acquiring an additional 20,658 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.
Expeditors International of Washington Stock Performance
EXPD stock traded up $2.96 during trading on Friday, hitting $112.57. The stock had a trading volume of 987,486 shares, compared to its average volume of 1,265,884. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company's 50 day moving average price is $113.64 and its two-hundred day moving average price is $115.24. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on EXPD. Susquehanna increased their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. UBS Group decreased their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, Truist Financial dropped their target price on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $115.40.
Get Our Latest Stock Report on Expeditors International of Washington
Insider Buying and Selling
In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction 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 completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.
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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