Vinva Investment Management Ltd Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vinva Investment Management Ltd bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,088 shares of the transportation company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPD. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $1,685,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Expeditors International of Washington by 50.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 210,227 shares of the transportation company’s stock worth $27,624,000 after acquiring an additional 70,174 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Expeditors International of Washington by 2.1% during the 3rd quarter. Raymond James Trust N.A. now owns 6,332 shares of the transportation company’s stock worth $832,000 after purchasing an additional 129 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Expeditors International of Washington by 13.1% during the 3rd quarter. Citigroup Inc. now owns 182,462 shares of the transportation company’s stock worth $23,976,000 after purchasing an additional 21,188 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD stock opened at $116.19 on Friday. The firm has a market capitalization of $16.04 billion, a P/E ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00. The business’s 50-day moving average is $114.97 and its two-hundred day moving average is $118.00. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Stifel Nicolaus lowered their price target 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. Truist Financial assumed coverage on Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on 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. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $115.90.

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.