Vanguard Group Inc. Has $2.03 Billion Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Vanguard Group Inc. reduced its stake in Expeditors International by 0.1%, owning 16,851,393 shares valued at approximately $2.03 billion as of the latest filing.
• Institutional investors and hedge funds collectively own 94.02% of Expeditors International's stock, indicating significant institutional interest in the company.
• Analysts have varied opinions on Expeditors International, with price targets ranging from $105.00 to $124.00 and a general consensus rating of "Hold" for the stock.

Vanguard Group Inc. cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,851,393 shares of the transportation company's stock after selling 24,381 shares during the quarter. Vanguard Group Inc. owned about 12.23% of Expeditors International of Washington worth $2,026,380,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXPD. Federated Hermes Inc. lifted its stake in Expeditors International of Washington by 60.9% in the fourth quarter. Federated Hermes Inc. now owns 9,082 shares of the transportation company's stock valued at $1,006,000 after acquiring an additional 3,437 shares during the last quarter. Bank of Montreal Can lifted its stake in Expeditors International of Washington by 11.9% in the fourth quarter. Bank of Montreal Can now owns 151,875 shares of the transportation company's stock valued at $16,823,000 after acquiring an additional 16,210 shares during the last quarter. Bank of Nova Scotia lifted its stake in Expeditors International of Washington by 88.3% in the fourth quarter. Bank of Nova Scotia now owns 34,024 shares of the transportation company's stock valued at $3,769,000 after acquiring an additional 15,959 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $36,865,000. Finally, Treasurer of the State of North Carolina lifted its stake in Expeditors International of Washington by 0.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 63,725 shares of the transportation company's stock valued at $7,059,000 after acquiring an additional 280 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expeditors International of Washington 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 owned 7,651 shares of the company's stock, valued at $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EXPD has been the subject of a number of analyst reports. Truist Financial lifted their target price on shares of 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. boosted their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their price objective for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective for the company. Finally, Barclays cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. 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 a consensus rating of "Hold" and a consensus target price of $114.22.

Expeditors International of Washington Stock Up 3.1%

Expeditors International of Washington stock traded up $3.60 during trading hours on Tuesday, hitting $120.57. The stock had a trading volume of 1,180,795 shares, compared to its average volume of 1,382,551. The company has a 50-day moving average of $114.99 and a two-hundred day moving average of $114.07. The company has a market cap of $16.51 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week 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.