Expeditors International of Washington, Inc. $EXPD Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC significantly decreased its position in Expeditors International of Washington by 88.6%, selling 18,989 shares during the second quarter.
• The stock has seen recent price target adjustments, with ratings predominantly being a "hold", reflecting a cautious outlook from analysts.
• Institutional investors own approximately 94.02% of Expeditors International's shares, highlighting a strong institutional backing for the company.

Inspire Investing LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 88.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,452 shares of the transportation company's stock after selling 18,989 shares during the period. Inspire Investing LLC's holdings in Expeditors International of Washington were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. Deseret Mutual Benefit Administrators increased its position in shares of Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after buying an additional 103 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Expeditors International of Washington by 11.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after acquiring an additional 109 shares during the last quarter. Greenleaf Trust increased its holdings in Expeditors International of Washington by 2.5% during the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after acquiring an additional 112 shares in the last quarter. Ancora Advisors LLC increased its holdings in Expeditors International of Washington by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company's stock valued at $1,921,000 after acquiring an additional 118 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in Expeditors International of Washington by 4.1% during the first quarter. Concurrent Investment Advisors LLC now owns 3,071 shares of the transportation company's stock worth $369,000 after acquiring an additional 120 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EXPD shares. Truist Financial raised their price objective on shares of 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. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $118.00 to $114.00 and set a "hold" rating for the company in a research report on Friday, October 10th. Robert W. Baird started coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective on the stock. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Thursday, September 11th. Finally, Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $114.44.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm'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 directly owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Up 1.5%

EXPD stock opened at $120.00 on Friday. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 5.00 and a beta of 1.09. The business has a fifty day simple moving average of $120.79 and a 200-day simple moving average of $115.63. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15.

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.

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