Artisan Partners Limited Partnership Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Artisan Partners Limited Partnership increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 438,034 shares of the transportation company’s stock after buying an additional 226 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Expeditors International of Washington were worth $48,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in shares of Expeditors International of Washington by 11.1% in the third quarter. Daiwa Securities Group Inc. now owns 17,285 shares of the transportation company’s stock valued at $2,271,000 after acquiring an additional 1,731 shares in the last quarter. Bank of Montreal Can lifted its stake in Expeditors International of Washington by 0.7% in the third quarter. Bank of Montreal Can now owns 135,665 shares of the transportation company’s stock worth $17,491,000 after purchasing an additional 956 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Expeditors International of Washington by 773.5% during the third quarter. Quantbot Technologies LP now owns 9,504 shares of the transportation company’s stock valued at $1,249,000 after purchasing an additional 8,416 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Expeditors International of Washington by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 323,772 shares of the transportation company’s stock valued at $42,544,000 after purchasing an additional 82,238 shares during the period. Finally, Townsquare Capital LLC increased its position in Expeditors International of Washington by 31.5% during the 3rd quarter. Townsquare Capital LLC now owns 18,416 shares of the transportation company’s stock valued at $2,420,000 after purchasing an additional 4,408 shares during the period. 94.02% of the stock is owned by institutional investors.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD opened at $119.71 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The company’s 50 day simple moving average is $115.79 and its 200 day simple moving average is $117.87. The stock has a market capitalization of $16.52 billion, a PE ratio of 20.93, a P/E/G ratio of 5.00 and a beta of 1.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPD. UBS Group decreased their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target for the company. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. 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. Finally, Stifel Nicolaus reduced their target price on 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. Four equities 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, the stock presently has an average rating of “Hold” and an average target price of $115.90.

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.