Expeditors International of Washington, Inc. $EXPD Stock Holdings Decreased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its stake in Expeditors International by 7.5%, owning 67,771 shares valued at approximately $7.74 million.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC, boosted their holdings in Expeditors International, indicating ongoing interest despite recent shares sales.
• The current consensus rating for Expeditors International stock is "Reduce," with a target price of $114.78, according to recent analyst reports.

Mirae Asset Global Investments Co. Ltd. lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,771 shares of the transportation company's stock after selling 5,531 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Expeditors International of Washington were worth $7,743,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Wealth Enhancement Advisory Services LLC boosted its position in shares of Expeditors International of Washington by 53.4% in 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 lifted its stake in Expeditors International of Washington by 2.7% in the 1st 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. boosted its position 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 worth $667,000 after acquiring an additional 834 shares during the period. Brown Advisory Inc. grew its stake in 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 valued at $1,249,000 after acquiring an additional 246 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at about $203,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction 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 sale, 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 at the SEC website. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EXPD has been the subject of several research reports. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. 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 target price for the company. Barclays upped their price target 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. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price objective for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Truist Financial upped 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 research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $114.78.

Expeditors International of Washington Trading Up 0.4%

EXPD opened at $123.55 on Monday. The business has a 50 day moving average of $120.31 and a 200-day moving average of $115.65. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year 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.

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.