NEOS Investment Management LLC Has $666,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

NEOS Investment Management LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,016 shares of the transportation company’s stock after buying an additional 1,239 shares during the period. NEOS Investment Management LLC’s holdings in Expeditors International of Washington were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EXPD. SRS Capital Advisors Inc. increased its position in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington during the fourth quarter worth $39,000. TD Private Client Wealth LLC lifted its holdings in Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock valued at $54,000 after buying an additional 142 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington during the third quarter valued at $57,000. Finally, Intact Investment Management Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $66,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock opened at $119.71 on Monday. The company has a market capitalization of $16.49 billion, a P/E ratio of 20.93, 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 business has a 50-day simple moving average of $115.79 and a two-hundred day simple moving average of $117.81.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EXPD. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut 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. Susquehanna lifted their price target 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. Finally, UBS Group cut their price objective 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. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.90.

Insider Activity 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 transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by 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.