Aberdeen Group plc Has $15.89 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Aberdeen Group plc significantly reduced its stake in Expeditors International of Washington by 77.9%, selling 465,808 shares and retaining only 132,491 shares worth approximately $15.89 million.
• A number of new investors, including Coppell Advisory Solutions and Alpine Bank Wealth Management, have recently acquired stakes in Expeditors, contributing to the total of 94.02% of the company's stock being owned by institutional investors.
• Wall Street analysts have mixed views on Expeditors, with some lowering ratings and adjusting price targets, leading to an overall average rating of "Hold" with a price target of $114.22.

Aberdeen Group plc reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 77.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,491 shares of the transportation company's stock after selling 465,808 shares during the quarter. Aberdeen Group plc owned 0.10% of Expeditors International of Washington worth $15,890,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Boston Partners raised its stake in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock valued at $516,385,000 after purchasing an additional 498,212 shares during the last quarter. Invesco Ltd. raised its stake in Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock valued at $365,548,000 after purchasing an additional 576,468 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Expeditors International of Washington by 1.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company's stock valued at $269,051,000 after purchasing an additional 27,965 shares during the last quarter. Northern Trust Corp increased its position in shares of Expeditors International of Washington by 19.7% during the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock worth $253,490,000 after purchasing an additional 376,689 shares in the last quarter. Finally, Marshfield Associates increased its position in shares of Expeditors International of Washington by 0.5% during the 4th quarter. Marshfield Associates now owns 1,827,619 shares of the transportation company's stock worth $202,445,000 after purchasing an additional 9,592 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EXPD shares. Truist Financial increased their target price on shares of 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. UBS Group increased their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. TD Cowen dropped their target price 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. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their target price for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Robert W. Baird started 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 target price for the company. Seven investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Reduce" and a consensus target price of $114.22.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $1.5010 during mid-day trading on Friday, hitting $119.9110. The company's stock had a trading volume of 1,045,338 shares, compared to its average volume of 1,365,306. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company's fifty day simple moving average is $116.26 and its 200-day simple moving average is $114.53.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value 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 trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.69% of the company's stock.

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.