Inspire Investing LLC Buys 11,068 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Inspire Investing LLC has significantly increased its stake in Expeditors International of Washington, raising its ownership by 106.7% to 21,441 shares, now valued at approximately $2.58 million.
• Various institutional investors have also initiated new positions in the company, with 94.02% of Expeditors' stock reportedly owned by institutional investors.
• Recent analyst ratings indicate a mixed outlook, with a consensus rating of "Reduce" and a price target averaging $114.78 for Expeditors International's stock.

Inspire Investing LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 106.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,441 shares of the transportation company's stock after buying an additional 11,068 shares during the quarter. Inspire Investing LLC's holdings in Expeditors International of Washington were worth $2,578,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EXPD. Deseret Mutual Benefit Administrators grew its stake in shares of Expeditors International of Washington by 6.6% in the 1st 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 last quarter. 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 worth $132,000 after buying 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 worth $546,000 after buying an additional 112 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Expeditors International of Washington by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock worth $426,000 after buying an additional 115 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV grew its stake in shares of Expeditors International of Washington by 5.4% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,320 shares of the transportation company's stock worth $257,000 after buying an additional 118 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EXPD shares. Truist Financial increased 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. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. 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 research note on Thursday, September 11th. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Finally, UBS Group increased their target price 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 research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $114.78.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded up $0.62 during midday trading on Tuesday, hitting $124.80. 559,207 shares of the stock traded hands, compared to its average volume of 1,344,720. The firm has a 50-day moving average of $118.33 and a two-hundred day moving average of $115.26. The firm has a market capitalization of $16.94 billion, a P/E ratio of 21.82, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

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.