Atria Wealth Solutions Inc. Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Atria Wealth Solutions Inc. purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,376 shares of the transportation company’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Expeditors International of Washington by 53.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock valued at $19,343,000 after buying an additional 56,008 shares in the last quarter. State of Alaska Department of Revenue raised its position in Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock valued at $1,971,000 after purchasing an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock valued at $667,000 after purchasing an additional 834 shares in the last quarter. Brown Advisory Inc. raised its position in Expeditors International of Washington by 2.4% during the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock valued at $1,249,000 after purchasing an additional 246 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in Expeditors International of Washington during the first quarter valued at approximately $203,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $122.32 on Thursday. The company has a fifty day moving average of $115.38 and a 200-day moving average of $114.18. The company has a market capitalization of $16.60 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, June 30th. TD Cowen lowered their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price objective for the company. Barclays lowered their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, May 7th. Finally, Bank of America downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.22.

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.