IFM Investors Pty Ltd Boosts Stock Position in Expeditors International of Washington, Inc. $EXPD

IFM Investors Pty Ltd grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,266 shares of the transportation company’s stock after acquiring an additional 682 shares during the period. IFM Investors Pty Ltd’s holdings in Expeditors International of Washington were worth $3,344,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXPD. Tidal Investments LLC lifted its position in shares of Expeditors International of Washington by 69.9% during the fourth quarter. Tidal Investments LLC now owns 9,287 shares of the transportation company’s stock worth $1,029,000 after acquiring an additional 3,820 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth $931,000. Forum Financial Management LP lifted its position in shares of Expeditors International of Washington by 48.3% during the fourth quarter. Forum Financial Management LP now owns 2,419 shares of the transportation company’s stock worth $268,000 after acquiring an additional 788 shares in the last quarter. Ascent Group LLC raised its position in shares of Expeditors International of Washington by 16.2% in the fourth quarter. Ascent Group LLC now owns 15,476 shares of the transportation company’s stock worth $1,714,000 after buying an additional 2,155 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $20,487,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president directly owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EXPD shares. Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Barclays increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, September 11th. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Truist Financial increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, June 30th. Finally, UBS Group raised their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $114.78.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $119.55 on Tuesday. The stock’s 50 day simple moving average is $118.90 and its two-hundred day simple moving average is $115.34. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

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.