Perbak Capital Partners LLP Invests $566,000 in Expeditors International of Washington, Inc. $EXPD

Key Points

• Perbak Capital Partners LLP invested $566,000 in Expeditors International of Washington, acquiring 4,704 shares in the 1st quarter of 2023.
• Approximately 94% of Expeditors International's stock is owned by institutional investors and hedge funds, indicating strong institutional support.
• Analysts' ratings are mixed, with seven giving a "Hold" rating and five rating it as “Sell,” leading to a consensus price target of $114.22.

Perbak Capital Partners LLP acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,704 shares of the transportation company's stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. NDVR Inc. lifted its stake in shares of Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after purchasing an additional 99 shares during the period. Deseret Mutual Benefit Administrators grew its position in shares of Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after purchasing an additional 103 shares during the period. Farther Finance Advisors LLC increased its stake in Expeditors International of Washington by 11.2% in the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after purchasing an additional 109 shares during the last quarter. Greenleaf Trust lifted its position in Expeditors International of Washington by 2.5% during the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after buying an additional 112 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Expeditors International of Washington by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock worth $426,000 after buying an additional 115 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 0.6%

Shares of Expeditors International of Washington stock traded down $0.68 during trading hours on Friday, hitting $120.96. The company's stock had a trading volume of 1,061,616 shares, compared to its average volume of 1,355,683. The business has a fifty day moving average of $117.70 and a 200 day moving average of $115.03. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company has a market capitalization of $16.42 billion, a PE ratio of 21.15, a P/E/G ratio of 5.00 and a beta of 1.06.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's 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 transaction, the vice president directly owned 7,651 shares of the company's stock, valued at $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.69% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on EXPD shares. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price for the company. UBS Group increased 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. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price target for the company from $117.00 to $118.00 in a report on Friday, July 11th. Finally, Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $114.22.

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.