Adage Capital Partners GP L.L.C. Sells 104,200 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Adage Capital Partners GP L.L.C. decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 59.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,800 shares of the transportation company’s stock after selling 104,200 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.05% of Expeditors International of Washington worth $7,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of EXPD. First Eagle Investment Management LLC raised its stake 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 worth $450,881,000 after buying an additional 987,233 shares in the last quarter. Norges Bank acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $107,863,000. Boston Partners increased its position in shares of 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 purchasing an additional 869,637 shares in the last quarter. First Trust Advisors LP increased its position in shares of Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after purchasing an additional 690,539 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $55,036,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Bank of America reduced 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 report on Thursday, January 16th. Truist Financial reduced their price target on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, UBS Group dropped their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $115.40.

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 company’s stock in a transaction dated 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 transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $108.73 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 5.00 and a beta of 1.03. The firm’s fifty day moving average is $114.21 and its two-hundred day moving average is $115.52.

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.