Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 88.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 712 shares of the transportation company’s stock after selling 5,671 shares during the quarter. Headlands Technologies LLC’s holdings in Expeditors International of Washington were worth $79,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXPD. First Eagle Investment Management LLC lifted its position in shares of 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 valued at $450,881,000 after buying an additional 987,233 shares in the last quarter. Norges Bank acquired a new position in Expeditors International of Washington during the fourth quarter worth $107,863,000. Boston Partners lifted its holdings in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $55,036,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $36,865,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 1.5 %

Shares of EXPD opened at $109.00 on Monday. Expeditors International of Washington, Inc. has a 12-month low of $107.17 and a 12-month high of $131.59. The firm has a market capitalization 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. The firm has a 50-day moving average price of $116.22 and a 200 day moving average price of $117.63.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Truist Financial started coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective on the stock. UBS Group lowered their price target on 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. Bank of America reduced their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Company 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.