Expeditors International of Washington, Inc. $EXPD Holdings Increased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its holdings in Expeditors International by 26.1% in the second quarter, now owning 22,681 shares valued at approximately $2.59 million.
• Over 94% of Expeditors' stock is held by institutional investors, reflecting significant institutional interest in the company.
• Several analysts have adjusted their price targets for Expeditors, with a consensus rating of "Reduce" and a target price of $114.44.

Generali Asset Management SPA SGR boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,681 shares of the transportation company's stock after acquiring an additional 4,692 shares during the quarter. Generali Asset Management SPA SGR's holdings in Expeditors International of Washington were worth $2,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Boston Trust Walden Corp raised its position in Expeditors International of Washington by 5.8% in the second quarter. Boston Trust Walden Corp now owns 491,547 shares of the transportation company's stock worth $56,159,000 after acquiring an additional 27,002 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Expeditors International of Washington by 8.0% in the second quarter. Sequoia Financial Advisors LLC now owns 2,946 shares of the transportation company's stock worth $337,000 after acquiring an additional 218 shares in the last quarter. Vest Financial LLC raised its position in Expeditors International of Washington by 2.8% in the second quarter. Vest Financial LLC now owns 500,661 shares of the transportation company's stock worth $57,201,000 after acquiring an additional 13,568 shares in the last quarter. MOKAN Wealth Management Inc. raised its position in Expeditors International of Washington by 17.5% in the second quarter. MOKAN Wealth Management Inc. now owns 12,566 shares of the transportation company's stock worth $1,436,000 after acquiring an additional 1,867 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA raised its position in Expeditors International of Washington by 7.9% in the second quarter. Mitchell Sinkler & Starr PA now owns 4,289 shares of the transportation company's stock worth $490,000 after acquiring an additional 315 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EXPD shares. Stifel Nicolaus dropped their price target on shares of Expeditors International of Washington from $118.00 to $114.00 and set a "hold" rating on the stock in a research report on Friday, October 10th. Baird R W raised Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price target for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Truist Financial lifted 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. Finally, UBS Group lifted their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $114.44.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $118.17 on Friday. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $129.15. The business's 50-day moving average is $120.73 and its 200-day moving average is $115.64.

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.

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