Amundi Decreases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Amundi's Holdings: Amundi has reduced its stake in Expeditors International of Washington by 12.8%, now holding approximately 1.27 million shares valued at $144.23 million.
• Analyst Ratings: Analysts have mixed opinions on the stock, with seven recommending a "Hold" rating and five suggesting a "Sell," resulting in an average rating of "Reduce" and a consensus target price of $114.22.
• Institutional Ownership: Institutional investors and hedge funds collectively own 94.02% of Expeditors International's stock, indicating strong institutional interest in the company.

Amundi decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 12.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,270,908 shares of the transportation company's stock after selling 186,641 shares during the period. Amundi owned about 0.93% of Expeditors International of Washington worth $144,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after buying an additional 56,008 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock worth $1,971,000 after purchasing an additional 430 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock worth $667,000 after purchasing an additional 834 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Expeditors International of Washington by 2.4% in the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock worth $1,249,000 after purchasing an additional 246 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in Expeditors International of Washington during the 1st quarter valued at about $203,000. 94.02% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of EXPD traded up $0.92 during trading hours on Wednesday, hitting $121.88. The company had a trading volume of 802,608 shares, compared to its average volume of 1,352,269. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 5.00 and a beta of 1.06. The firm has a fifty day moving average price of $117.91 and a 200-day moving average price of $115.11. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Wall Street Analyst Weigh In

EXPD has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. 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 research report on Wednesday, August 6th. Truist Financial lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price objective for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Finally, Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $114.22.

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.