Mediolanum International Funds Ltd Purchases Shares of 3,776 Expeditors International of Washington, Inc. $EXPD

Mediolanum International Funds Ltd purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,776 shares of the transportation company’s stock, valued at approximately $464,000.

Several other institutional investors also recently modified their holdings of the business. Atria Investments Inc lifted its holdings in Expeditors International of Washington by 0.3% during the 2nd quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock worth $3,830,000 after buying an additional 91 shares during the period. Forum Financial Management LP raised its position in shares of Expeditors International of Washington by 3.9% during the second quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock worth $310,000 after acquiring an additional 101 shares during the last quarter. Davidson Trust Co. lifted its stake in shares of Expeditors International of Washington by 3.2% in the third quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock worth $452,000 after acquiring an additional 113 shares during the period. Certuity LLC boosted its holdings in Expeditors International of Washington by 3.4% in the second quarter. Certuity LLC now owns 3,635 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 120 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in Expeditors International of Washington by 1.7% in the third quarter. World Investment Advisors now owns 7,319 shares of the transportation company’s stock valued at $897,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. Morgan Stanley boosted their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. Barclays lifted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Stifel Nicolaus upped their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Truist Financial lifted their price objective on Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $134.10.

Insider Transactions at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $162.20 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19. The stock has a 50-day moving average of $154.54 and a 200-day moving average of $134.21. The company has a market cap of $21.74 billion, a PE ratio of 28.36, a P/E/G ratio of 5.00 and a beta of 1.14.

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.