Allianz Asset Management GmbH Purchases 69,290 Shares of Expeditors International of Washington, Inc. $EXPD

Allianz Asset Management GmbH grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 565,430 shares of the transportation company’s stock after buying an additional 69,290 shares during the period. Allianz Asset Management GmbH owned 0.42% of Expeditors International of Washington worth $69,316,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC boosted its stake in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $34,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $43,000. CYBER HORNET ETFs LLC purchased a new position in Expeditors International of Washington during the 2nd quarter worth $43,000. Finally, Addison Advisors LLC increased its position in Expeditors International of Washington by 79.1% during the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock valued at $44,000 after buying an additional 170 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their price objective 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. Truist Financial increased their price target 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. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, Morgan Stanley raised their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Reduce” and an average target price of $134.10.

Insiders Place Their Bets

In other Expeditors International of Washington 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 transaction of $730,350.00. Following the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $165.03 on Thursday. The stock’s 50 day simple moving average is $154.90 and its 200-day simple moving average is $134.43. The company has a market cap of $22.12 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19.

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.