Expeditors International of Washington, Inc. $EXPD Shares Sold by Lmcg Investments LLC

Key Points

• Lmcg Investments LLC reduced its holdings in Expeditors International of Washington by 8.0% in the second quarter, selling 2,325 shares, which were valued at approximately $3.06 million.
• Institutional investors and hedge funds own 94.02% of Expeditors International's stock, highlighting significant institutional interest in the company.
• Several brokerages have recently updated their ratings for Expeditors International, with Stifel Nicolaus lowering its target price from $118.00 to $114.00 and Bank of America downgrading its rating from "neutral" to "underperform."

Lmcg Investments LLC decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,785 shares of the transportation company's stock after selling 2,325 shares during the period. Lmcg Investments LLC's holdings in Expeditors International of Washington were worth $3,060,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators increased its position in Expeditors International of Washington by 6.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock worth $199,000 after buying an additional 103 shares during the period. Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 109 shares during the last quarter. Greenleaf Trust grew its stake in shares of Expeditors International of Washington by 2.5% in the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after purchasing an additional 112 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Expeditors International of Washington by 0.7% in the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company's stock valued at $1,921,000 after purchasing an additional 118 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in shares of Expeditors International of Washington by 38.6% in the 1st quarter. CVA Family Office LLC now owns 431 shares of the transportation company's stock valued at $52,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $113.06 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $129.15. The company has a market cap of $15.34 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock's 50 day moving average price is $120.79 and its 200 day moving average price is $115.73.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXPD. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $118.00 to $114.00 and set a "hold" rating on the stock in a research note on Friday. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Robert W. Baird began coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price on the stock. Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company 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 company 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 MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $114.44.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction on Thursday, August 7th. The stock was 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 approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

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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