Voleon Capital Management LP Invests $743,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Voleon Capital Management LP purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,707 shares of the transportation company’s stock, valued at approximately $743,000.

A number of other hedge funds also recently modified their holdings of EXPD. Franklin Resources Inc. raised its stake in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after purchasing an additional 30,785 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Expeditors International of Washington during the 4th quarter worth about $1,329,000. Drystone LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $5,925,000. Allworth Financial LP increased its stake in Expeditors International of Washington by 22.9% in the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after acquiring an additional 1,216 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in Expeditors International of Washington by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock worth $8,459,000 after purchasing an additional 20,658 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

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 shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 0.2 %

Shares of NASDAQ:EXPD opened at $109.66 on Friday. The stock has a market capitalization of $15.11 billion, a P/E ratio of 19.17, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The business has a 50-day moving average price of $113.75 and a two-hundred day moving average price of $115.34.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXPD. JPMorgan Chase & Co. lowered their price objective on 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. Truist Financial dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $115.40.

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.