Park Avenue Securities LLC Has $572,000 Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Park Avenue Securities LLC reduced its stake in Expeditors International of Washington by 46.6%, bringing its holdings down to 5,002 shares valued at $572,000.
• Analyst ratings for Expeditors International show a mix of increased target prices, with JPMorgan and Barclays raising their targets but maintaining an "underweight" rating.
• Expeditors International's stock is currently trading around $121.92, with a 12-month range between $100.47 and $131.59.

Park Avenue Securities LLC decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 46.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,002 shares of the transportation company's stock after selling 4,357 shares during the period. Park Avenue Securities LLC's holdings in Expeditors International of Washington were worth $572,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EXPD. Sowell Financial Services LLC raised its stake in shares of Expeditors International of Washington by 16.1% in the 2nd quarter. Sowell Financial Services LLC now owns 1,936 shares of the transportation company's stock valued at $221,000 after purchasing an additional 269 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of Expeditors International of Washington by 3.1% in the second quarter. Global X Japan Co. Ltd. now owns 5,527 shares of the transportation company's stock valued at $631,000 after purchasing an additional 168 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Expeditors International of Washington by 2.4% in the second quarter. IFM Investors Pty Ltd now owns 29,266 shares of the transportation company's stock valued at $3,344,000 after purchasing an additional 682 shares in the last quarter. Legacy Financial Strategies LLC lifted its holdings in shares of Expeditors International of Washington by 9.2% in the second quarter. Legacy Financial Strategies LLC now owns 22,632 shares of the transportation company's stock valued at $2,586,000 after purchasing an additional 1,910 shares in the last quarter. Finally, Carderock Capital Management Inc. bought a new stake in shares of Expeditors International of Washington in the second quarter valued at about $46,000. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the subject of several recent research reports. JPMorgan Chase & Co. increased 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 report on Tuesday, July 8th. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Thursday, September 11th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price target for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Finally, Truist Financial increased their price target 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. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $114.78.

Insider Activity

In related 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 transaction of $173,533.50. Following the sale, the vice president directly owned 7,651 shares of the company's stock, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Up 0.6%

EXPD stock opened at $121.92 on Monday. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The firm has a market cap of $16.55 billion, a P/E ratio of 21.32, a P/E/G ratio of 5.00 and a beta of 1.06. The company's 50-day moving average price is $119.56 and its two-hundred day moving average price is $115.42.

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.

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