Quantitative Investment Management LLC Purchases Shares of 9,608 Expeditors International of Washington, Inc. $EXPD

Key Points

• Quantitative Investment Management LLC acquired 9,608 shares of Expeditors International of Washington, Inc. valued at approximately $1,155,000 during the first quarter.
• Institutional investors own a significant majority, with 94.02% of the company's stock held by hedge funds and other institutional investors.
• Wall Street analysts show mixed sentiment, with a consensus rating of "Reduce" and a target price averaging $114.22 for the company's stock.

Quantitative Investment Management LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,608 shares of the transportation company's stock, valued at approximately $1,155,000.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Expeditors International of Washington by 53.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock worth $19,343,000 after buying an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue boosted 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 worth $1,971,000 after purchasing an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted 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 worth $667,000 after purchasing an additional 834 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of 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 last quarter. Finally, DAVENPORT & Co LLC acquired a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird assumed coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. TD Cowen cut their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research note on Wednesday, May 7th. UBS Group raised their target price on 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 target price on 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, Barclays cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Seven equities research 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 company presently has a consensus rating of "Reduce" and a consensus price target of $114.22.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business'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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Trading Up 1.3%

NASDAQ:EXPD opened at $119.9110 on Monday. The firm has a market cap of $16.27 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The stock has a fifty day moving average price of $116.26 and a 200 day moving average price of $114.53. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

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.

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