Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,392,307 shares of the transportation company’s stock after buying an additional 57,736 shares during the quarter. Geode Capital Management LLC owned 2.42% of Expeditors International of Washington worth $374,771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $39,000. TD Private Client Wealth LLC lifted its position in shares of Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after purchasing an additional 142 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $57,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $109.00 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.17 and a fifty-two week high of $131.59. The business’s fifty day moving average price is $116.22 and its two-hundred day moving average price is $117.71. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’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 completion of the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EXPD shares. UBS Group cut their target price 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. JPMorgan Chase & Co. reduced 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 report on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Truist Financial initiated coverage on Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target for the company. Finally, Bank of America dropped their price objective 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. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington 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.