IFM Investors Pty Ltd trimmed its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,123 shares of the transportation company’s stock after selling 1,019 shares during the period. IFM Investors Pty Ltd’s holdings in Expeditors International of Washington were worth $1,336,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Expeditors International of Washington by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 21,383,240 shares of the transportation company’s stock worth $1,622,132,000 after buying an additional 191,817 shares during the period. BlackRock Inc. raised its stake in Expeditors International of Washington by 3.7% during the 2nd quarter. BlackRock Inc. now owns 15,364,822 shares of the transportation company’s stock valued at $1,165,576,000 after purchasing an additional 546,889 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Expeditors International of Washington by 5.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,735,064 shares of the transportation company’s stock valued at $131,622,000 after purchasing an additional 93,467 shares during the last quarter. Invesco Ltd. raised its stake in Expeditors International of Washington by 29.3% during the 2nd quarter. Invesco Ltd. now owns 1,688,678 shares of the transportation company’s stock valued at $128,105,000 after purchasing an additional 382,184 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Expeditors International of Washington by 5.1% during the 3rd quarter. California Public Employees Retirement System now owns 1,433,739 shares of the transportation company’s stock valued at $106,512,000 after purchasing an additional 69,788 shares during the last quarter. 91.36% of the stock is owned by institutional investors.
In other Expeditors International of Washington news, CFO Bradley S. Powell sold 17,364 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $76.15, for a total transaction of $1,322,268.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.
Shares of Expeditors International of Washington stock traded down $0.69 during mid-day trading on Friday, reaching $73.34. 1,120,728 shares of the stock were exchanged, compared to its average volume of 1,527,868. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 20.26 and a beta of 0.94. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $76.09 and a 200 day simple moving average of $74.40. Expeditors International of Washington has a fifty-two week low of $67.97 and a fifty-two week high of $81.64.
Several equities analysts recently commented on EXPD shares. Cowen cut their target price on shares of Expeditors International of Washington from $78.00 to $75.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Robert W. Baird upped their target price on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their target price on shares of Expeditors International of Washington from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Credit Suisse Group cut their target price on shares of Expeditors International of Washington from $70.00 to $68.00 and set an “underperform” rating for the company in a research note on Tuesday, January 21st. Finally, Barclays restated a “hold” rating and issued a $81.00 price objective on shares of Expeditors International of Washington in a research note on Sunday, January 19th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $72.90.
Expeditors International of Washington Profile
Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.
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