Berger Financial Group Inc Acquires 9,442 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Berger Financial Group Inc increased its investment in Expeditors International of Washington by 23.1%, acquiring an additional 9,442 shares in the first quarter, bringing the total to 50,248 shares valued at $6,042,000.
• Institutional investors own 94.02% of Expeditors International's stock, with notable new entrants like Coppell Advisory Solutions and Alpine Bank Wealth Management.
• Wall Street analysts have mixed opinions on Expeditors International, with an average rating of "Hold" and a consensus price target of $114.22, reflecting recent adjustments by several firms.

Berger Financial Group Inc raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 23.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 50,248 shares of the transportation company's stock after acquiring an additional 9,442 shares during the period. Berger Financial Group Inc's holdings in Expeditors International of Washington were worth $6,042,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NDVR Inc. increased its position in Expeditors International of Washington by 5.8% during the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC increased its position in Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after acquiring an additional 100 shares during the period. Deseret Mutual Benefit Administrators increased its position in Expeditors International of Washington by 6.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock worth $199,000 after acquiring an additional 103 shares during the period. Farther Finance Advisors LLC increased its position in Expeditors International of Washington by 11.2% during the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock worth $132,000 after acquiring an additional 109 shares during the period. Finally, Greenleaf Trust increased its position in Expeditors International of Washington by 2.5% during the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after acquiring an additional 112 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the topic of several analyst reports. Truist Financial boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. UBS Group boosted their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. TD Cowen lowered their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays lowered their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $114.22.

Expeditors International of Washington Trading Down 0.1%

Shares of EXPD stock traded down $0.17 on Monday, reaching $116.95. The company had a trading volume of 1,313,961 shares, compared to its average volume of 1,383,885. The stock has a market cap of $16.02 billion, a PE ratio of 20.45, a PEG ratio of 5.00 and a beta of 1.05. The company has a 50-day moving average of $114.99 and a 200-day moving average of $114.07. 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 other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm'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 sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.69% of the stock is currently owned by company 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.