Expeditors International of Washington, Inc. $EXPD Shares Sold by Sienna Gestion

Key Points

• Sienna Gestion reduced its holdings in Expeditors International of Washington by 8.0% during the first quarter, retaining approximately 0.05% ownership valued at $8,389,000.
• Institutional investors now control 94.02% of Expeditors International's stock, with major increases in holdings from firms like Federated Hermes and Townsquare Capital during the last quarter.
• Analysts have mixed opinions on the stock, with Barclays and TD Cowen lowering their target prices, while UBS Group raised its price objective, resulting in an average rating of "Hold" with a target of $114.22.

Sienna Gestion lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,772 shares of the transportation company's stock after selling 6,217 shares during the quarter. Sienna Gestion owned approximately 0.05% of Expeditors International of Washington worth $8,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Alpine Bank Wealth Management purchased a new stake in shares of Expeditors International of Washington during the 1st quarter worth $26,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth $25,000. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington during the 1st quarter worth $30,000. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington during the 1st quarter worth $37,000. Finally, Colonial Trust Co SC lifted its stake in shares of Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington 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 in the company, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EXPD shares. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price objective for the company from $117.00 to $118.00 in a report on Friday, July 11th. UBS Group increased their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective 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. Truist Financial raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Finally, Robert W. Baird started coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $114.22.

Expeditors International of Washington Stock Performance

Shares of EXPD traded up $0.24 during trading hours on Monday, hitting $120.10. The stock had a trading volume of 645,697 shares, compared to its average volume of 1,374,062. The firm has a market cap of $16.30 billion, a P/E ratio of 21.00, a P/E/G ratio of 5.00 and a beta of 1.05. The company's fifty day simple moving average is $115.71 and its 200 day simple moving average is $114.25. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month 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.