Ascent Group LLC Grows Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Ascent Group LLC increased its stake in Expeditors International of Washington, Inc. by 38.6% during the first quarter, now holding 21,448 shares worth approximately $2.579 million.
• Other hedge funds also adjusted their positions; for instance, Jones Financial Companies Lllp grew its stake by 75.4%, while Voleon Capital Management LP raised its stake by 67.8%.
• Analysts have mixed views on the stock, with target prices ranging from $105.00 to $120.00 and a consensus rating of "Reduce".

Ascent Group LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 38.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,448 shares of the transportation company's stock after buying an additional 5,972 shares during the quarter. Ascent Group LLC's holdings in Expeditors International of Washington were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington during the 1st quarter worth about $26,000. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $25,000. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington during the 1st quarter worth about $30,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington during the 1st quarter worth about $37,000. Finally, Twin Tree Management LP acquired a new stake in Expeditors International of Washington during the 1st quarter worth about $42,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was 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 directly owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on EXPD. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. UBS Group boosted their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Barclays cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. Finally, Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $114.22.

Expeditors International of Washington Trading Down 0.9%

Expeditors International of Washington stock traded down $1.07 during mid-day trading on Thursday, hitting $121.26. The company's stock had a trading volume of 811,452 shares, compared to its average volume of 1,365,205. The firm has a market capitalization of $16.46 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock's fifty day moving average is $116.71 and its two-hundred day moving average is $114.70.

Expeditors International of Washington Company 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.