Vinva Investment Management Ltd Invests $675,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vinva Investment Management Ltd bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,088 shares of the transportation company’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after buying an additional 987,233 shares during the period. Boston Partners increased its position in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after buying an additional 869,637 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after buying an additional 257,791 shares during the period. Marshfield Associates increased its position in Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after buying an additional 6,878 shares during the period. Finally, Amundi increased its position in Expeditors International of Washington by 0.6% during the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock worth $163,653,000 after buying an additional 8,101 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction 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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on EXPD shares. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Bank of America lowered their target price on 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. 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 research note on Monday, March 3rd. Finally, Truist Financial began coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price on the stock. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Stock Performance

EXPD opened at $116.19 on Friday. The business’s fifty day moving average is $114.97 and its two-hundred day moving average is $118.00. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

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.