Empowered Funds LLC Purchases 3,333 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Empowered Funds LLC increased its stake in Expeditors International of Washington by 11.4%, holding a total value of $3.93 million as of its latest SEC filing.
• Various institutional investors made new acquisitions in Expeditors International during the first quarter, collectively controlling 94.02% of the company's stock.
• Analyst ratings are mixed, with seven ratings of "Hold" and five ratings of "Sell," while the average price target for the stock is $114.78.

Empowered Funds LLC increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,640 shares of the transportation company's stock after purchasing an additional 3,333 shares during the quarter. Empowered Funds LLC's holdings in Expeditors International of Washington were worth $3,925,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EXPD. Captrust Financial Advisors increased its position in Expeditors International of Washington by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock valued at $426,000 after acquiring an additional 115 shares in the last quarter. Focus Partners Wealth acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $432,000. Numerai GP LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $275,000. NorthRock Partners LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $226,000. Finally, Nomura Holdings Inc. grew its position in shares of Expeditors International of Washington by 33.8% during the 4th quarter. Nomura Holdings Inc. now owns 13,824 shares of the transportation company's stock worth $1,531,000 after buying an additional 3,493 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the transaction, the vice president directly owned 7,651 shares of the company's stock, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Analyst Ratings Changes

EXPD has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price objective for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Truist Financial lifted 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 research note on Monday, June 30th. Finally, Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Thursday, September 11th. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $114.78.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded down $0.57 on Thursday, hitting $124.38. 246,698 shares of the stock were exchanged, compared to its average volume of 1,339,130. The business's fifty day moving average is $118.62 and its 200 day moving average is $115.39. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The company has a market capitalization of $16.88 billion, a PE ratio of 21.74, a P/E/G ratio of 5.00 and a beta of 1.06.

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.