2,223 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,223 shares of the transportation company's stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PDT Partners LLC acquired a new stake in Expeditors International of Washington during the first quarter worth about $1,034,000. Marshfield Associates grew its holdings in Expeditors International of Washington by 0.8% during the first quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company's stock worth $221,470,000 after acquiring an additional 14,127 shares during the period. Royal Bank of Canada grew its holdings in Expeditors International of Washington by 11.9% during the first quarter. Royal Bank of Canada now owns 1,044,904 shares of the transportation company's stock worth $125,649,000 after acquiring an additional 111,161 shares during the period. Nomura Holdings Inc. grew its holdings in Expeditors International of Washington by 18.3% during the first quarter. Nomura Holdings Inc. now owns 16,351 shares of the transportation company's stock worth $1,966,000 after acquiring an additional 2,527 shares during the period. Finally, Twin Tree Management LP acquired a new stake in Expeditors International of Washington during the first quarter worth about $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded up $0.26 during trading on Friday, reaching $123.61. The stock had a trading volume of 1,058,851 shares, compared to its average volume of 1,352,780. The business has a fifty day moving average price of $118.17 and a 200-day moving average price of $115.24. The stock has a market cap of $16.78 billion, a PE ratio of 21.61, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59.

Wall Street Analyst Weigh In

Several research firms recently commented on EXPD. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Thursday. UBS Group raised their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $114.78.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington 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 directly owned 7,651 shares of the company's stock, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is owned by corporate 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.