Expeditors International of Washington, Inc. $EXPD Shares Acquired by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Expeditors International of Washington by 1.9%, acquiring an additional 2,886 shares, bringing its total ownership to 156,573 shares valued at approximately $18.83 million.
• The stock has a market capitalization of $16.48 billion with a P/E ratio of 21.23, reflecting its valuation in the transportation and logistics sector.
• Recent analyst ratings show mixed sentiments, with Bank of America downgrading it to "underperform," while others like JPMorgan Chase increased their price target, indicating varied expectations for the stock’s performance.

Alliancebernstein L.P. lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,573 shares of the transportation company's stock after buying an additional 2,886 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of Expeditors International of Washington worth $18,828,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EXPD. Invesco Ltd. lifted its holdings 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 buying an additional 576,468 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Expeditors International of Washington by 13,910.4% in the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after purchasing an additional 503,833 shares during the period. Boston Partners increased its holdings 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 worth $516,385,000 after purchasing an additional 498,212 shares during the period. Nuveen LLC purchased a new position in Expeditors International of Washington during the 1st quarter worth $43,816,000. Finally, Two Sigma Advisers LP raised its position in Expeditors International of Washington by 57.0% during the 4th quarter. Two Sigma Advisers LP now owns 669,700 shares of the transportation company's stock valued at $74,183,000 after purchasing an additional 243,200 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 0.5%

Shares of NASDAQ EXPD traded up $0.62 during trading hours on Tuesday, hitting $124.80. 817,178 shares of the stock were exchanged, compared to its average volume of 1,346,687. The company has a market cap of $16.94 billion, a PE ratio of 21.82, a PEG ratio of 5.00 and a beta of 1.06. The firm has a fifty day moving average price of $118.48 and a 200-day moving average price of $115.32. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

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 that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their price target for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Truist Financial upped their price target 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. Finally, Robert W. Baird began coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $114.78.

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.