MBB Public Markets I LLC Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Key Points

• MBB Public Markets I LLC has purchased 2,741 shares of Expeditors International of Washington, Inc., valued at approximately $330,000, highlighting increased institutional interest in the company.
• Recent insider trading was reported, with VP Jeffrey F. Dickerman selling 1,470 shares at a total value of $173,533.50, reflecting a significant decrease in his stock position.
• Equity analysts have revised their price targets for Expeditors International, with UBS raising it to $120.00 while Bank of America has downgraded their rating from "neutral" to "underperform."

MBB Public Markets I LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,741 shares of the transportation company's stock, valued at approximately $330,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after acquiring an additional 56,008 shares during the period. State of Alaska Department of Revenue grew its position in Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after acquiring an additional 430 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock valued at $667,000 after acquiring an additional 834 shares during the period. Brown Advisory Inc. grew its position in Expeditors International of Washington by 2.4% during the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock valued at $1,249,000 after acquiring an additional 246 shares during the period. Finally, DAVENPORT & Co LLC purchased a new stake in Expeditors International of Washington during the first quarter valued at about $203,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPD has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Truist Financial boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Thursday. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their target price for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price for the company. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $114.78.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction dated 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 approximately $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 accessible through this link. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

EXPD traded up $0.26 on Friday, reaching $123.61. The company's stock had a trading volume of 1,058,851 shares, compared to its average volume of 1,352,780. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The business's 50 day moving average is $118.17 and its 200 day moving average is $115.24.

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.