Counterpoint Mutual Funds LLC Buys Shares of 2,738 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Counterpoint Mutual Funds LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,738 shares of the transportation company’s stock, valued at approximately $303,000.

Several other large investors have also recently bought and sold shares of EXPD. First Eagle Investment Management LLC raised its position in Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the last quarter. Madison Investment Advisors LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $55,036,000. Two Sigma Advisers LP raised its position in shares of Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after acquiring an additional 399,800 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $36,865,000. Finally, KBC Group NV raised its position in shares of Expeditors International of Washington by 836.7% during the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock worth $37,629,000 after acquiring an additional 303,438 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’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 transaction, the vice president now owns 7,296 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $117.14 on Wednesday. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The stock has a 50 day moving average price of $114.69 and a two-hundred day moving average price of $118.08. The stock has a market capitalization of $16.17 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EXPD shares. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus decreased their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. UBS Group decreased their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Truist Financial initiated coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 target price for the company. Finally, Susquehanna raised their target price on 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. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $115.90.

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.