ExodusPoint Capital Management LP Acquires Shares of 65,885 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ExodusPoint Capital Management LP bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 65,885 shares of the transportation company’s stock, valued at approximately $7,298,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPD. SRS Capital Advisors Inc. grew its stake in 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 worth $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington in the 3rd quarter worth approximately $57,000. TD Private Client Wealth LLC increased its holdings in shares of Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 142 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $54,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $109.00 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $107.17 and a 1 year high of $131.59. The firm has a market capitalization of $15.02 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The stock has a fifty day moving average of $116.22 and a two-hundred day moving average of $117.67.

Analysts Set New Price Targets

A number of research firms have commented on EXPD. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. 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. Susquehanna increased their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. 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 note on Thursday, January 16th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $115.90.

Insider Buying and Selling

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 value of $146,925.00. Following the completion of the sale, the vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

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.