Counterpoint Mutual Funds LLC Takes $303,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Counterpoint Mutual Funds LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,738 shares of the transportation company’s stock, valued at approximately $303,000.

A number of other hedge funds have also bought and sold shares of the business. Cibc World Markets Corp lifted its holdings in Expeditors International of Washington by 15.5% during the fourth quarter. Cibc World Markets Corp now owns 22,119 shares of the transportation company’s stock worth $2,450,000 after acquiring an additional 2,972 shares during the period. SlateStone Wealth LLC lifted its holdings in Expeditors International of Washington by 3.1% during the fourth quarter. SlateStone Wealth LLC now owns 8,340 shares of the transportation company’s stock worth $924,000 after acquiring an additional 250 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Expeditors International of Washington by 30.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,769 shares of the transportation company’s stock worth $528,000 after acquiring an additional 1,126 shares during the period. Ascent Capital Management LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth $209,000. Finally, Pollock Investment Advisors LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $406,000. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’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 completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Up 0.2 %

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 business has a 50-day simple moving average of $114.69 and a 200 day simple moving average of $118.08. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 5.00 and a beta of 1.00.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research reports. 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 boosted 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. JPMorgan Chase & Co. lowered their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Truist Financial initiated 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 given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.