Mizuho Securities USA LLC Buys 4,116 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mizuho Securities USA LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 45.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,267 shares of the transportation company’s stock after acquiring an additional 4,116 shares during the quarter. Mizuho Securities USA LLC’s holdings in Expeditors International of Washington were worth $1,470,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after acquiring an additional 987,233 shares during the last quarter. Boston Partners grew its holdings in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after buying an additional 869,637 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $55,036,000. Two Sigma Advisers LP raised its stake in Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after buying an additional 399,800 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Expeditors International of Washington during the fourth quarter worth about $36,865,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $118.41 on Wednesday. The stock has a market capitalization of $16.34 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The stock has a 50 day moving average price of $115.26 and a 200 day moving average price of $117.87.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EXPD. Stifel Nicolaus dropped their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Truist Financial began coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. UBS Group reduced 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 note on Wednesday, February 19th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $115.90.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.

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.