Shell Asset Management Co. Has $1.41 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Shell Asset Management Co. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 65.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,489 shares of the transportation company’s stock after selling 22,131 shares during the quarter. Shell Asset Management Co.’s holdings in Expeditors International of Washington were worth $1,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Expeditors International of Washington in the second quarter valued at $34,000. Bartlett & CO. Wealth Management LLC bought a new stake in Expeditors International of Washington during the third quarter valued at $43,000. CYBER HORNET ETFs LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter worth about $43,000. Finally, Addison Advisors LLC raised its position in shares of Expeditors International of Washington by 79.1% in the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $146.27 on Monday. The company has a market capitalization of $19.60 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $167.19. The business has a 50-day simple moving average of $156.22 and a two-hundred day simple moving average of $136.68.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research analyst reports. Barclays upped their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Truist Financial raised their price target on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Finally, TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $134.10.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.