Quadcap Wealth Management LLC Takes Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Quadcap Wealth Management LLC invested $429,000 in Expeditors International of Washington by purchasing 3,564 shares during the first quarter.
• Multiple hedge funds significantly increased their stakes in Expeditors International, with Redwood Investment Management raising its holdings by 347.0% during the same period.
• Analysts have mixed opinions on the stock, with target prices ranging from $105.00 to $120.00 and several recommending a "Sell" or "Underweight" rating.

Quadcap Wealth Management LLC bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,564 shares of the transportation company's stock, valued at approximately $429,000.

Several other hedge funds have also recently made changes to their positions in the business. NDVR Inc. raised its position 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 valued at $201,000 after buying an additional 99 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in Expeditors International of Washington by 6.6% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock worth $199,000 after purchasing an additional 103 shares during the period. Farther Finance Advisors LLC raised its position in Expeditors International of Washington by 11.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock worth $132,000 after purchasing an additional 109 shares during the period. Greenleaf Trust raised its position in Expeditors International of Washington by 2.5% in the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after purchasing an additional 112 shares during the period. Finally, Captrust Financial Advisors raised its position 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 purchasing an additional 115 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

EXPD stock traded down $0.80 during mid-day trading on Friday, reaching $120.48. The company had a trading volume of 895,899 shares, compared to its average volume of 1,362,361. The company has a market capitalization of $16.35 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm has a 50 day moving average of $117.02 and a 200 day moving average of $114.84. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction dated 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 directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXPD. Truist Financial increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Robert W. Baird began coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective 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. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. Finally, UBS Group increased their price objective on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of "Reduce" and an average price target of $114.22.

About Expeditors International of Washington

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.