Expeditors International of Washington, Inc. $EXPD Shares Sold by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC significantly reduced its holdings in Expeditors International of Washington by 55.7% during the second quarter, now owning 3,632 shares worth $415,000.
• Various hedge funds, including Wealth Enhancement Advisory Services LLC, made notable investments in the company, with some increasing their stakes substantially in the first quarter.
• Analysts have mixed views on Expeditors International, with an average rating of "Reduce" and a consensus price target of $114.78, amid fluctuating price targets from major firms.

HB Wealth Management LLC reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 55.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,632 shares of the transportation company's stock after selling 4,565 shares during the quarter. HB Wealth Management LLC's holdings in Expeditors International of Washington were worth $415,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in Expeditors International of Washington by 53.4% during the 1st 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 grew its stake in shares of Expeditors International of Washington by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock worth $1,971,000 after acquiring an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock worth $667,000 after acquiring an additional 834 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Expeditors International of Washington by 2.4% during the first 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 during the period. Finally, DAVENPORT & Co LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at $203,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Transactions at Expeditors International of Washington

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 shares were 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 of the company's stock, valued at $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on EXPD shares. UBS Group boosted their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their target price for the company from $117.00 to $118.00 in a report on Friday, July 11th. Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Truist Financial upped their price objective 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. Finally, 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. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Reduce" and a consensus price target of $114.78.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $123.55 on Monday. The stock has a fifty day moving average price of $120.31 and a 200 day moving average price of $115.65. The company has a market cap of $16.77 billion, a P/E ratio of 21.60, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15.

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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