12,000 Shares in Expeditors International of Washington, Inc. $EXPD Bought by Algert Global LLC

Key Points

• Algert Global LLC has acquired a new stake of 12,000 shares in Expeditors International of Washington, valued at approximately $1,443,000, during the first quarter.
• Recent analyst ratings have seen a mix of actions, with Bank of America downgrading the company to "underperform" and raising its target price to $118.00, while Barclays and TD Cowen also lowered their price targets.
• Expeditors International's stock has a 12-month range between $100.47 and $131.59, currently trading at approximately $119.91.

Algert Global LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,000 shares of the transportation company's stock, valued at approximately $1,443,000.

A number of other large investors also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in Expeditors International of Washington in the first quarter valued at approximately $26,000. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington in the first quarter valued at approximately $30,000. Garde Capital Inc. acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $37,000. Finally, Colonial Trust Co SC raised its stake in shares of Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of 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. TD Cowen decreased their price objective 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. Robert W. Baird started coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective on the stock. UBS Group upped their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Truist Financial lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $114.22.

Expeditors International of Washington Trading Down 1.6%

NASDAQ EXPD traded down $1.95 during trading on Thursday, reaching $120.38. The company's stock had a trading volume of 152,807 shares, compared to its average volume of 1,360,946. The firm has a 50 day moving average price of $116.71 and a 200 day moving average price of $114.70. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.