Exchange Traded Concepts LLC Purchases 16,381 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Exchange Traded Concepts LLC has significantly increased its stake in Expeditors International of Washington by 102.2%, owning 32,404 shares valued at approximately $3.70 million.
• Institutional investors hold 94.02% of the company's stock, indicating strong institutional interest and support for Expeditors International.
• Expeditors International's stock recently experienced a 3.2% decline, with analysts rating the stock predominantly as "Hold" or "Sell," alongside a consensus price target of $114.78.

Exchange Traded Concepts LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 102.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,404 shares of the transportation company's stock after purchasing an additional 16,381 shares during the period. Exchange Traded Concepts LLC's holdings in Expeditors International of Washington were worth $3,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPD. NorthCrest Asset Manangement LLC boosted its holdings in Expeditors International of Washington by 3.1% in the second quarter. NorthCrest Asset Manangement LLC now owns 12,406 shares of the transportation company's stock valued at $1,469,000 after purchasing an additional 378 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Expeditors International of Washington by 16.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 187,685 shares of the transportation company's stock worth $22,218,000 after acquiring an additional 26,830 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Expeditors International of Washington by 51.8% in the 2nd quarter. Wedmont Private Capital now owns 3,831 shares of the transportation company's stock worth $449,000 after buying an additional 1,308 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Expeditors International of Washington by 3.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,973 shares of the transportation company's stock worth $1,939,000 after purchasing an additional 516 shares in the last quarter. Finally, Czech National Bank increased its position in Expeditors International of Washington by 4.1% during the 2nd quarter. Czech National Bank now owns 33,474 shares of the transportation company's stock worth $3,824,000 after purchasing an additional 1,324 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD traded down $3.97 on Friday, hitting $120.08. 3,417,703 shares of the company were exchanged, compared to its average volume of 1,356,904. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock's fifty day moving average is $118.81 and its 200-day moving average is $115.39. The company has a market cap of $16.30 billion, a PE ratio of 20.99, a PEG ratio of 5.00 and a beta of 1.06.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction 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 $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on EXPD shares. Robert W. Baird started coverage on 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. Barclays increased their target price on 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. UBS Group boosted their price target 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. JPMorgan Chase & Co. upped their price objective on 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. Finally, Truist Financial increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of "Reduce" and a consensus target price of $114.78.

About Expeditors International of Washington

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.