First Eagle Investment Management LLC Buys 987,233 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

First Eagle Investment Management LLC boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 32.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,070,429 shares of the transportation company’s stock after acquiring an additional 987,233 shares during the quarter. First Eagle Investment Management LLC owned approximately 2.91% of Expeditors International of Washington worth $450,881,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after acquiring an additional 257,791 shares during the last quarter. Marshfield Associates boosted its stake in shares of Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Amundi boosted its stake in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock valued at $163,653,000 after purchasing an additional 8,101 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Expeditors International of Washington by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after purchasing an additional 98,197 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Expeditors International of Washington by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock valued at $108,997,000 after purchasing an additional 53,738 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $116.44 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The firm’s 50 day moving average price is $114.24 and its two-hundred day moving average price is $118.29. The firm has a market cap of $16.07 billion, a P/E ratio of 20.36, a PEG ratio of 5.00 and a beta of 1.00.

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 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 transaction, the vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus reduced 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. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 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 report on Wednesday, February 19th. Finally, Truist Financial started coverage on shares of Expeditors International of Washington in a research report on Thursday. They issued a “hold” rating and a $110.00 price target on the stock. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, 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.