Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by MV Capital Management Inc.

MV Capital Management Inc. boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,583 shares of the transportation company’s stock after acquiring an additional 155 shares during the quarter. MV Capital Management Inc.’s holdings in Expeditors International of Washington were worth $2,391,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Allstate Corp acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at $429,000. Orion Portfolio Solutions LLC grew its position in Expeditors International of Washington by 8.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company’s stock valued at $261,000 after buying an additional 193 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Expeditors International of Washington by 5.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 212,847 shares of the transportation company’s stock valued at $23,577,000 after buying an additional 10,714 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Expeditors International of Washington by 12.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 389,836 shares of the transportation company’s stock worth $43,182,000 after buying an additional 42,823 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $54,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $119.71 on Friday. The company has a 50-day moving average of $115.79 and a two-hundred day moving average of $117.87. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of research analyst reports. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective on the stock. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus cut their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the company 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.