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Exchange Traded Concepts LLC Raises Stock Position in Expeditors International of Washington, Inc. $EXPD
Exchange Traded Concepts LLC increased its stake in Expeditors International of Washington (NASDAQ:EXPD) by 40.1% in Q4, bringing its total to 72,528 shares valued at approximately $10.8 million. Other major institutions like UBS Asset Management and Wellington Management Group also significantly boosted their holdings. Despite increased institutional ownership, the consensus analyst rating for EXPD is “Reduce” with a target price of $134.30, while the company recently reported Q4 EPS that beat estimates.