Capital Fund Management S.A. Lowers Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Capital Fund Management S.A. has decreased its stake in Expeditors International by 10.3%, selling 15,872 shares during the 1st quarter, leaving it with approximately 0.10% ownership valued at $16.7 million.
• Institutional investors hold 94.02% of Expeditors International, with new positions established by several firms, including Coppell Advisory Solutions LLC and Alpine Bank Wealth Management.
• The stock's performance has prompted multiple analyst ratings changes, with targets ranging from $105.00 to $124.00, reflecting a consensus rating of "Reduce".

Capital Fund Management S.A. trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,892 shares of the transportation company's stock after selling 15,872 shares during the quarter. Capital Fund Management S.A. owned approximately 0.10% of Expeditors International of Washington worth $16,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Credit Agricole S A grew its position in Expeditors International of Washington by 0.6% during the 1st quarter. Credit Agricole S A now owns 51,415 shares of the transportation company's stock worth $6,183,000 after acquiring an additional 329 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Expeditors International of Washington by 4.4% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,009 shares of the transportation company's stock worth $362,000 after acquiring an additional 128 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in Expeditors International of Washington by 10.3% during the 1st quarter. Legacy Financial Advisors Inc. now owns 3,463 shares of the transportation company's stock worth $416,000 after acquiring an additional 324 shares during the last quarter. Hsbc Holdings PLC grew its position in Expeditors International of Washington by 3.8% during the 1st quarter. Hsbc Holdings PLC now owns 620,351 shares of the transportation company's stock worth $73,241,000 after acquiring an additional 22,484 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in Expeditors International of Washington by 8.6% during the 1st quarter. Brooklyn Investment Group now owns 1,941 shares of the transportation company's stock worth $233,000 after acquiring an additional 153 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. TD Cowen reduced their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price target on the stock. Barclays cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. UBS Group lifted their price objective 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. Finally, Truist Financial lifted their price objective on 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. Seven research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of "Reduce" and an average price target of $114.22.

Expeditors International of Washington Stock Performance

Shares of EXPD traded up $0.3530 on Monday, reaching $120.3730. The stock had a trading volume of 600,890 shares, compared to its average volume of 1,360,250. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The company has a 50-day simple moving average of $116.26 and a 200-day simple moving average of $114.53. 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 news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. This trade 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. 0.69% of the stock is currently owned by insiders.

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.