Versor Investments LP Makes New $532,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Versor Investments LP acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,806 shares of the transportation company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Expeditors International of Washington by 18.9% in 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 in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Expeditors International of Washington in the third quarter worth $4,363,000. Pensionfund Sabic purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at $1,329,000. Finally, Drystone LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter valued at $5,925,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on EXPD. JPMorgan Chase & Co. lowered their price target on 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. Stifel Nicolaus lowered 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. Barclays boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $116.56.

Insider Activity

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $117.26 on Friday. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company’s fifty day moving average price is $112.82 and its two-hundred day moving average price is $118.35.

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.