Expeditors International of Washington, Inc. $EXPD Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,939 shares of the transportation company’s stock after buying an additional 249 shares during the period. DAVENPORT & Co LLC’s holdings in Expeditors International of Washington were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Simplicity Wealth LLC boosted its stake in Expeditors International of Washington by 28.1% during the second quarter. Simplicity Wealth LLC now owns 8,064 shares of the transportation company’s stock worth $921,000 after buying an additional 1,767 shares during the last quarter. Berger Financial Group Inc boosted its stake in Expeditors International of Washington by 0.8% during the second quarter. Berger Financial Group Inc now owns 50,652 shares of the transportation company’s stock worth $5,787,000 after buying an additional 404 shares during the last quarter. Trinity Legacy Partners LLC boosted its stake in Expeditors International of Washington by 1.1% during the second quarter. Trinity Legacy Partners LLC now owns 34,305 shares of the transportation company’s stock worth $3,874,000 after buying an additional 384 shares during the last quarter. ASR Vermogensbeheer N.V. boosted its stake in Expeditors International of Washington by 1.1% during the second quarter. ASR Vermogensbeheer N.V. now owns 33,404 shares of the transportation company’s stock worth $3,816,000 after buying an additional 365 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in Expeditors International of Washington during the second quarter worth $216,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 0.7%

EXPD opened at $113.96 on Tuesday. The stock’s 50-day moving average price is $120.73 and its 200 day moving average price is $115.63. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $129.15. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 5.00 and a beta of 1.09.

Analyst Ratings Changes

A number of research firms have weighed in on EXPD. Truist Financial boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, June 30th. Stifel Nicolaus cut their target price on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. UBS Group upped their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Seven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $114.44.

Expeditors International of Washington Company Profile

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.