Voleon Capital Management LP Purchases New Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Voleon Capital Management LP acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,707 shares of the transportation company’s stock, valued at approximately $743,000.

A number of other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Expeditors International of Washington by 2.4% in the 3rd quarter. Barclays PLC now owns 571,548 shares of the transportation company’s stock valued at $75,099,000 after buying an additional 13,479 shares during the period. World Investment Advisors LLC bought a new position in Expeditors International of Washington during the third quarter worth about $222,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington in the third quarter valued at about $57,000. Synovus Financial Corp increased its holdings in shares of Expeditors International of Washington by 98.2% in the third quarter. Synovus Financial Corp now owns 6,975 shares of the transportation company’s stock worth $917,000 after acquiring an additional 3,456 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of 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 purchasing an additional 30,785 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $109.66 on Friday. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm’s 50-day moving average is $113.75 and its 200-day moving average is $115.34.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. 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 report on Thursday, January 23rd. UBS Group cut their price target on 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. JPMorgan Chase & Co. decreased their price objective 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. Finally, Susquehanna upped their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $115.40.

About Expeditors International of Washington

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.