Invesco Ltd. Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Invesco Ltd. has increased its stake in Expeditors International of Washington by 23.4%, now owning 3,039,899 shares valued at approximately $365.5 million.
• Several other institutional investors, including Berger Financial Group Inc. and Fiduciary Family Office LLC, have also raised their stakes in Expeditors International during the same period.
• Analysts have mixed views on the stock, with UBS raising the target price to $120.00, while Bank of America downgraded it to an "underperform" rating with a target of $118.00.

Invesco Ltd. boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 23.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,039,899 shares of the transportation company's stock after acquiring an additional 576,468 shares during the period. Invesco Ltd. owned 2.21% of Expeditors International of Washington worth $365,548,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXPD. First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after acquiring an additional 690,539 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $61,021,000 after acquiring an additional 503,833 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Expeditors International of Washington by 19.7% in the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock worth $253,490,000 after acquiring an additional 376,689 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $36,865,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of 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 worth $74,183,000 after acquiring an additional 243,200 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.0%

Shares of Expeditors International of Washington stock traded down $0.04 on Friday, reaching $119.83. The stock had a trading volume of 1,171,238 shares, compared to its average volume of 1,378,761. The company has a 50 day moving average price of $115.71 and a 200 day moving average price of $114.25. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock has a market capitalization of $16.26 billion, a P/E ratio of 20.95, a P/E/G ratio of 5.00 and a beta of 1.05.

Insider Activity

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 shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the transaction, the vice president owned 7,651 shares of the company's stock, valued at $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on EXPD shares. Barclays reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. UBS Group raised 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. JPMorgan Chase & Co. raised their price target 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. Finally, TD Cowen reduced their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a 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. According to MarketBeat, the stock currently has an average rating of "Hold" 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.