Expeditors International of Washington, Inc. $EXPD Shares Purchased by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC increased its stake in Expeditors International of Washington by 43.4%, owning 59,991 shares valued at approximately $7.2 million.
• Several institutional investors, including Mariner LLC and Canada Pension Plan Investment Board, also raised their holdings in Expeditors International during the last quarter.
• Wall Street analysts have mixed views on the stock, with a consensus rating of "Hold" and a target price of $114.22.

Cresset Asset Management LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 43.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 59,991 shares of the transportation company's stock after purchasing an additional 18,157 shares during the period. Cresset Asset Management LLC's holdings in Expeditors International of Washington were worth $7,214,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXPD. Mariner LLC increased its position in Expeditors International of Washington by 4.4% in the 4th quarter. Mariner LLC now owns 26,738 shares of the transportation company's stock valued at $2,962,000 after acquiring an additional 1,121 shares during the period. NewEdge Advisors LLC increased its position in Expeditors International of Washington by 2.7% in the 4th quarter. NewEdge Advisors LLC now owns 8,236 shares of the transportation company's stock valued at $912,000 after acquiring an additional 214 shares during the period. Canada Pension Plan Investment Board increased its position in Expeditors International of Washington by 4.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 47,718 shares of the transportation company's stock valued at $5,286,000 after acquiring an additional 2,002 shares during the period. Forum Financial Management LP increased its position in Expeditors International of Washington by 48.3% in the 4th quarter. Forum Financial Management LP now owns 2,419 shares of the transportation company's stock valued at $268,000 after acquiring an additional 788 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Expeditors International of Washington by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,323,249 shares of the transportation company's stock valued at $146,579,000 after acquiring an additional 23,425 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent research reports. Bank of America cut 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 research report on Friday, July 11th. Barclays dropped their target price 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 boosted their target price 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. JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Finally, Robert W. Baird started coverage on 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $114.22.

Expeditors International of Washington Stock Up 1.3%

Shares of EXPD traded up $1.5010 on Friday, reaching $119.9110. The stock had a trading volume of 1,045,338 shares, compared to its average volume of 1,365,306. The firm has a market capitalization of $16.27 billion, a PE ratio of 20.96, a PEG ratio of 5.00 and a beta of 1.05. The firm has a 50-day moving average of $116.26 and a 200 day moving average of $114.48. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company'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 sale, the vice president owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate 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.