Charles Schwab Investment Management Inc. Acquires 71,592 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Expeditors International of Washington by 7.9% during the 1st quarter, owning approximately $117.4 million worth of shares.
• Insider trading includes VP Jeffrey F. Dickerman selling 1,470 shares at an average price of $118.05, resulting in a 16.12% decrease in their ownership.
• Wall Street analysts have mixed opinions on Expeditors International, with target prices ranging from $105 to $124, indicating varying ratings from underweight to neutral.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 976,329 shares of the transportation company's stock after acquiring an additional 71,592 shares during the period. Charles Schwab Investment Management Inc. owned 0.71% of Expeditors International of Washington worth $117,404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. ASR Vermogensbeheer N.V. acquired a new stake in Expeditors International of Washington during the 1st quarter worth $3,973,000. Lester Murray Antman dba SimplyRich acquired a new stake in Expeditors International of Washington during the 1st quarter worth $209,000. Atria Wealth Solutions Inc. acquired a new stake in Expeditors International of Washington during the 1st quarter worth $526,000. Empower Advisory Group LLC grew its holdings in Expeditors International of Washington by 2.9% during the 1st quarter. Empower Advisory Group LLC now owns 82,909 shares of the transportation company's stock worth $9,970,000 after acquiring an additional 2,369 shares during the period. Finally, Advyzon Investment Management LLC grew its holdings in Expeditors International of Washington by 13.1% during the 1st quarter. Advyzon Investment Management LLC now owns 2,929 shares of the transportation company's stock worth $352,000 after acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their price target for the company from $117.00 to $118.00 in a report on Friday, July 11th. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. 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. Finally, Barclays decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $114.22.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded down $0.04 on Friday, reaching $119.83. The company had a trading volume of 1,171,238 shares, compared to its average volume of 1,378,761. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 20.95, 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 company's fifty day moving average is $115.71 and its 200-day moving average is $114.25.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.69% of the company's stock.

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.