Harrell Investment Partners LLC Acquires New Shares in Expeditors International of Washington, Inc. $EXPD

Key Points

• Harrell Investment Partners LLC acquired 6,050 shares of Expeditors International of Washington, valued at approximately $691,000, indicating growing institutional interest in the company.
• Expeditors International's stock currently has a market capitalization of $16.42 billion with a PE ratio of 21.15 and an average target price from analysts of $114.78.
• Recently, insider VP Jeffrey F. Dickerman sold 1,470 shares at an average price of $118.05, which marked a 16.12% decrease in his holdings.

Harrell Investment Partners LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,050 shares of the transportation company's stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington during the 1st quarter worth $26,000. Zions Bancorporation National Association UT acquired a new position in Expeditors International of Washington during the 1st quarter worth $30,000. Garde Capital Inc. acquired a new position in Expeditors International of Washington during the 1st quarter worth $37,000. Ransom Advisory Ltd acquired a new position in Expeditors International of Washington during the 1st quarter worth $41,000. Finally, Twin Tree Management LP acquired a new position in Expeditors International of Washington during the 1st quarter worth $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 0.1%

Shares of NASDAQ:EXPD opened at $120.97 on Thursday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The firm has a market capitalization of $16.42 billion, a PE ratio of 21.15, a PEG ratio of 5.00 and a beta of 1.06. The business's 50 day moving average is $119.21 and its 200-day moving average is $115.41.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXPD. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. Truist Financial increased 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. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Reduce" and an average price target of $114.78.

Insider Buying and Selling at Expeditors International of Washington

In other 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 transaction of $173,533.50. Following the sale, the vice president 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 the SEC website. Insiders own 0.69% of the company's stock.

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.

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