Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,764 shares of the transportation company’s stock after selling 11,670 shares during the period. Capital Fund Management S.A.’s holdings in Expeditors International of Washington were worth $17,143,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Locust Wood Capital Advisers LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $1,086,000. Raymond James Financial Inc. acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $36,865,000. Azimuth Capital Investment Management LLC boosted its stake in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock valued at $260,000 after buying an additional 100 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Expeditors International of Washington by 88.3% in the fourth quarter. Bank of Nova Scotia now owns 34,024 shares of the transportation company’s stock worth $3,769,000 after buying an additional 15,959 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock worth $272,874,000 after acquiring an additional 235,409 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Truist Financial assumed coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus decreased 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. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, UBS Group decreased their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Trading Down 1.5 %

Shares of NASDAQ EXPD opened at $108.25 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The company has a market cap of $14.91 billion, a PE ratio of 18.92, a P/E/G ratio of 5.00 and a beta of 1.03. The stock has a 50 day simple moving average of $115.36 and a 200-day simple moving average of $116.94.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is currently owned by insiders.

About Expeditors International of Washington

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.