ExodusPoint Capital Management LP Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ExodusPoint Capital Management LP acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 65,885 shares of the transportation company’s stock, valued at approximately $7,298,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its holdings in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after acquiring an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington in the 3rd quarter valued at about $4,363,000. Pensionfund Sabic purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $1,329,000. Drystone LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $5,925,000. Finally, Allworth Financial LP grew its holdings in shares of Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after buying an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction 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. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 1.5 %

Shares of NASDAQ EXPD opened at $109.00 on Friday. The stock has a fifty day moving average price of $116.22 and a 200 day moving average price of $117.67. Expeditors International of Washington, Inc. has a 12-month low of $107.17 and a 12-month high of $131.59. The company has a market cap of $15.02 billion, a P/E ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03.

Analyst Ratings Changes

Several research firms recently weighed in on EXPD. Truist Financial assumed coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 target price on the stock. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Bank of America lowered their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. UBS Group cut their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, Susquehanna boosted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.90.

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.