Expeditors International of Washington, Inc. $EXPD Shares Purchased by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP increased its stake in Expeditors International by 67.8%, owning a total of 11,255 shares valued at approximately $1.35 million.
• Institutional investors hold over 94% of Expeditors International's stock, indicating significant institutional confidence in the company.
• Most analysts have rated Expeditors International as a "Hold" or "Sell," with an average target price of $114.22 for its shares.

Voleon Capital Management LP lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 67.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,255 shares of the transportation company's stock after acquiring an additional 4,548 shares during the quarter. Voleon Capital Management LP's holdings in Expeditors International of Washington were worth $1,353,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $30,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $37,000. Twin Tree Management LP acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $42,000. Finally, Park Square Financial Group LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth approximately $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Trading Up 0.7%

Shares of NASDAQ:EXPD opened at $121.82 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The company's 50 day moving average is $117.85 and its two-hundred day moving average is $115.07. The company has a market cap of $16.53 billion, a PE ratio of 21.30, a P/E/G ratio of 5.00 and a beta of 1.06.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXPD. Truist Financial increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Robert W. Baird began coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Seven research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of "Reduce" and an average target price of $114.22.

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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