Voleon Capital Management LP Buys 4,548 Shares of Expeditors International of Washington, Inc. $EXPD

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 boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 67.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,255 shares of the transportation company's stock after buying 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 quarter.

Several other institutional investors also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock worth $19,343,000 after buying an additional 56,008 shares during the period. State of Alaska Department of Revenue boosted its stake in Expeditors International of Washington by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after purchasing an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Expeditors International of Washington by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock valued at $667,000 after purchasing an additional 834 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Expeditors International of Washington by 2.4% during the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock worth $1,249,000 after acquiring an additional 246 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth $203,000. 94.02% of the stock is owned by institutional investors.

Insider Activity 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 transaction of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on 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 report on Thursday. Robert W. Baird assumed coverage on 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. UBS Group raised their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their price target for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of "Reduce" and an average target price of $114.78.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded up $0.26 on Friday, hitting $123.61. 1,058,851 shares of the company's stock traded hands, compared to its average volume of 1,352,780. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The firm's 50-day moving average price is $118.17 and its two-hundred day moving average price is $115.21. The stock has a market capitalization of $16.78 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

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.