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FedEx shares see mixed signals as German American Bancorp buys in, but Fmr LLC significantly sells off.
German American Bancorp Inc. increased its stake in FedEx Co. by 1.2%, now owning $7.43 million worth of shares.
Meanwhile, Fmr LLC reduced its holdings by 40.6%, selling 1,944,585 shares.
FedEx's recent earnings report showed a $4.51 EPS, slightly missing estimates, with $22.16 billion in revenue.
The company's stock has a "Moderate Buy" rating and a target price of $302.71.
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Las acciones de FedEx ven señales contradictorias a medida que el alemán estadounidense Bancorp compra, pero Fmr LLC vende significativamente.