Raymond James Trust N.A. grew its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,595 shares of the transportation company’s stock after acquiring an additional 348 shares during the period. Raymond James Trust N.A.’s holdings in Expeditors International of Washington were worth $437,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Expeditors International of Washington by 206.7% in the 3rd quarter. First Trust Advisors LP now owns 918,589 shares of the transportation company’s stock valued at $68,242,000 after buying an additional 619,057 shares during the period. BlackRock Inc. boosted 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 period. Amundi Pioneer Asset Management Inc. boosted its stake in Expeditors International of Washington by 215.4% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 793,916 shares of the transportation company’s stock valued at $438,782,000 after purchasing an additional 542,178 shares during the period. Nuveen Asset Management LLC boosted its stake in Expeditors International of Washington by 11,831.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 454,605 shares of the transportation company’s stock valued at $34,487,000 after purchasing an additional 450,795 shares during the period. Finally, Invesco Ltd. boosted 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 period. 91.36% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Bradley S. Powell sold 17,364 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $76.15, for a total transaction of $1,322,268.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by insiders.
Shares of NASDAQ EXPD traded down $0.69 during midday trading on Friday, reaching $73.34. The company’s stock had a trading volume of 1,120,728 shares, compared to its average volume of 1,527,868. Expeditors International of Washington has a one year low of $67.97 and a one year high of $81.64. The company has a 50 day moving average price of $76.09 and a 200 day moving average price of $74.40. 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 company has a market cap of $12.61 billion, a price-to-earnings ratio of 20.26 and a beta of 0.94.
A number of research analysts have issued reports on EXPD shares. Robert W. Baird boosted 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. Zacks Investment Research lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $78.00 target price for the company. in a research note on Tuesday, December 3rd. BidaskClub raised shares of Expeditors International of Washington from a “strong sell” rating to a “sell” rating in a research note on Friday, January 17th. Morgan Stanley boosted their price target on shares of Expeditors International of Washington from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Barclays restated a “hold” rating and set a $81.00 price target on shares of Expeditors International of Washington in a research report on Sunday, January 19th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Expeditors International of Washington has an average rating of “Hold” and an average target price of $72.90.
About Expeditors International of Washington
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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