Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,731 shares of the transportation company’s stock after purchasing an additional 683 shares during the period. Benjamin Edwards Inc.’s holdings in Expeditors International of Washington were worth $6,949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $25,000. SRS Capital Advisors Inc. grew its position in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington in the fourth quarter valued at $39,000. Parvin Asset Management LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth about $42,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Expeditors International of Washington in the 4th quarter worth about $52,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $112.57 on Monday. The firm has a market capitalization of $15.51 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The stock’s 50 day moving average price is $113.64 and its 200 day moving average price is $115.20.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of several recent analyst reports. Truist Financial cut their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. UBS Group dropped 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. Susquehanna lifted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Finally, StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.40.

Expeditors International of Washington Company 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.