Accredited Investors Inc. purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,659 shares of the transportation company’s stock, valued at approximately $207,000.
Other hedge funds have also modified their holdings of the company. First Trust Advisors LP lifted its holdings in Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after purchasing an additional 1,351,630 shares during the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $74,763,000. TD Asset Management Inc grew its stake in Expeditors International of Washington by 51.9% in the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after buying an additional 296,186 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Expeditors International of Washington during the 1st quarter worth $23,178,000. Finally, UBS Group AG boosted its stake in Expeditors International of Washington by 66.7% during the 4th quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after purchasing an additional 175,111 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.
Expeditors International of Washington Stock Down 0.3 %
NASDAQ EXPD traded down $0.37 during trading hours on Tuesday, hitting $120.93. The company’s stock had a trading volume of 5,875 shares, compared to its average volume of 1,282,007. The stock has a fifty day moving average of $122.53 and a 200 day moving average of $120.48. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The firm has a market capitalization of $17.08 billion, a P/E ratio of 25.71, a PEG ratio of 5.39 and a beta of 0.98.
Analyst Upgrades and Downgrades
EXPD has been the subject of several analyst reports. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, TD Cowen increased their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $116.00.
Check Out Our Latest Analysis on Expeditors International of Washington
Insider Buying and Selling
In related news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by insiders.
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.
Featured Stories
- Five stocks we like better than Expeditors International of Washington
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Momentum in Palo Alto Networks: Tech Stocks Still Going Strong
- Investing in Commodities: What Are They? How to Invest in Them
- Buffett’s Big Bet: Should You Follow Berkshire’s Move on OXY?
- Russell 2000 Index, How Investors Use it For Profitable Trading
- GeoVax Labs: Is This Micro-Cap Biotech Stock a Boom or a Bust?
Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report).
Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.