2,448 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Alliance Wealth Advisors LLC UT

Key Points

• Alliance Wealth Advisors LLC UT has acquired 2,448 shares of Expeditors International of Washington, valued at approximately $294,000, during the first quarter of this year.
• Expeditors International has received mixed ratings from analysts, with Bank of America downgrading it to an "underperform" rating while UBS Group upgraded its target price to $120.00, indicating a cautious outlook on the stock.
• Insider transaction reports show that VP Jeffrey F. Dickerman sold 1,470 shares valued at approximately $173,533.50, reducing his ownership stake by 16.12%.

Alliance Wealth Advisors LLC UT purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,448 shares of the transportation company's stock, valued at approximately $294,000.

Several other institutional investors have also recently made changes to their positions in the stock. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in Expeditors International of Washington in the first quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the first quarter valued at approximately $30,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington in the first quarter valued at approximately $37,000. Finally, Colonial Trust Co SC increased its holdings in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Truist Financial raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th. TD Cowen decreased 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. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price on the stock. Finally, Barclays dropped their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of "Reduce" and a consensus target price of $114.22.

Expeditors International of Washington Trading Down 1.7%

Shares of EXPD traded down $2.0360 on Wednesday, reaching $119.3640. 1,375,615 shares of the company's stock traded hands, compared to its average volume of 1,370,531. The stock's 50 day simple moving average is $115.98 and its two-hundred day simple moving average is $114.34. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The stock has a market cap of $16.20 billion, a PE ratio of 20.87, a PEG ratio of 5.00 and a beta of 1.05.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the business'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 directly owned 7,651 shares of the company's stock, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is owned by insiders.

Expeditors International of Washington 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.