AQR Capital Management LLC Has $42.64 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• AQR Capital Management LLC decreased its stake in Expeditors International by 17.3%, owning approximately $42.64 million worth of shares following the sale of 74,325 shares.
• Several institutional investors, including Alpine Bank Wealth Management and Zions Bancorporation, have recently acquired new positions in Expeditors, reflecting institutional interest with 94.02% of the stock owned by such entities.
• Market analysts have set a mixed bag of price targets for Expeditors International, with a consensus rating of "Reduce" and target price of $114.22.

AQR Capital Management LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,622 shares of the transportation company's stock after selling 74,325 shares during the quarter. AQR Capital Management LLC owned 0.26% of Expeditors International of Washington worth $42,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC increased its position in shares of Expeditors International of Washington by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company's stock worth $1,921,000 after purchasing an additional 118 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Expeditors International of Washington by 80.4% during the first quarter. Adage Capital Partners GP L.L.C. now owns 127,700 shares of the transportation company's stock worth $15,356,000 after buying an additional 56,900 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Expeditors International of Washington by 15.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 21,272 shares of the transportation company's stock worth $2,558,000 after buying an additional 2,922 shares in the last quarter. Perbak Capital Partners LLP bought a new position in shares of Expeditors International of Washington in the first quarter valued at approximately $566,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $267,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 0.2%

Shares of NASDAQ:EXPD traded up $0.26 during trading on Friday, hitting $123.61. 1,058,851 shares of the company's stock were exchanged, compared to its average volume of 1,352,780. The firm has a market cap of $16.78 billion, a P/E ratio of 21.61, a PEG ratio of 5.00 and a beta of 1.06. The firm has a 50-day moving average price of $118.17 and a two-hundred day moving average price of $115.24. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction 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 transaction, the vice president owned 7,651 shares of the company's stock, valued at $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EXPD shares. Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Truist Financial raised their target price on 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. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Barclays raised their price objective 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. 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 on the stock. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $114.78.

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.