Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Boosted by Aviva PLC

Aviva PLC raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,881 shares of the transportation company’s stock after buying an additional 47,610 shares during the quarter. Aviva PLC’s holdings in Expeditors International of Washington were worth $21,033,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EXPD. Manchester Capital Management LLC raised its holdings in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares during the period. Chapman Investment Management LLC grew its position in Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after purchasing an additional 112 shares in the last quarter. OLD National Bancorp IN raised its stake in Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Expeditors International of Washington by 17.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 114 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Expeditors International of Washington by 1.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock worth $824,000 after buying an additional 125 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on EXPD shares. Stifel Nicolaus dropped their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Truist Financial began coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Bank of America dropped their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Susquehanna lifted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $115.90.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 2.9 %

Shares of NASDAQ:EXPD opened at $105.79 on Tuesday. The stock has a market capitalization of $14.57 billion, a PE ratio of 18.49, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1 year low of $103.68 and a 1 year high of $131.59. The firm has a fifty day moving average price of $116.03 and a 200 day moving average price of $117.49.

Expeditors International of Washington 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.