Nomura Holdings Inc. Raises Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Nomura Holdings Inc. increased its holdings in Expeditors International of Washington, Inc. by 18.3% during the 1st quarter, making its total stake worth approximately $1.97 million.
• Several other hedge funds also adjusted their holdings, with institutional investors now owning 94.02% of the company's stock.
• Expeditors International has seen a recent price target downgrade from various brokerages, with a consensus rating of "Reduce" and an average price target of $114.22.

Nomura Holdings Inc. lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,351 shares of the transportation company's stock after acquiring an additional 2,527 shares during the quarter. Nomura Holdings Inc.'s holdings in Expeditors International of Washington were worth $1,966,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock worth $365,548,000 after purchasing an additional 576,468 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Expeditors International of Washington by 13,910.4% in the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after buying an additional 503,833 shares during the period. Boston Partners lifted its stake in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock worth $516,385,000 after acquiring an additional 498,212 shares in the last quarter. Nuveen LLC purchased a new position in Expeditors International of Washington during the 1st quarter valued at about $43,816,000. Finally, Two Sigma Advisers LP grew its position in Expeditors International of Washington by 57.0% in the 4th quarter. Two Sigma Advisers LP now owns 669,700 shares of the transportation company's stock valued at $74,183,000 after acquiring an additional 243,200 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Insiders Place Their Bets

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

Expeditors International of Washington Trading Down 0.6%

NASDAQ:EXPD traded down $0.68 during trading hours on Friday, hitting $120.96. The company's stock had a trading volume of 1,061,616 shares, compared to its average volume of 1,355,683. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The stock has a market capitalization of $16.42 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The stock has a fifty day moving average of $117.70 and a 200-day moving average of $115.05.

Wall Street Analyst Weigh In

EXPD has been the topic of several research reports. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Truist Financial increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. 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 research note on Wednesday, August 6th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $114.22.

Expeditors International of Washington Company 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.