Dynamic Technology Lab Private Ltd Makes New $816,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,370 shares of the transportation company’s stock, valued at approximately $816,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after acquiring an additional 30,785 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington in the 3rd quarter worth approximately $4,363,000. Pensionfund Sabic bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $1,329,000. Drystone LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $5,925,000. Finally, Allworth Financial LP boosted its holdings in Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after buying an additional 1,216 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of several research reports. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Stifel Nicolaus reduced their target price 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. Bank of America dropped their price target 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. Truist Financial started coverage on Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective on the stock. Finally, UBS Group decreased their target price on shares of 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. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s 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 completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $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 is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 1.5 %

Expeditors International of Washington stock opened at $109.00 on Monday. Expeditors International of Washington, Inc. has a 12 month low of $107.17 and a 12 month high of $131.59. The stock has a market cap of $15.02 billion, a P/E ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03. The company’s fifty day simple moving average is $116.22 and its 200-day simple moving average is $117.63.

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.