Raiffeisen Bank International AG Makes New $298,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Raiffeisen Bank International AG acquired a new stake in Expeditors International of Washington, purchasing 2,486 shares worth approximately $298,000 during the 1st quarter.
• Several institutional investors have also taken positions in Expeditors, with hedge funds owning 94.02% of the company's stock.
• Recent analyst ratings for Expeditors International show a mixed outlook, with a consensus rating of "Hold" and various price target adjustments from firms like Truist Financial and Bank of America.

Raiffeisen Bank International AG bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,486 shares of the transportation company's stock, valued at approximately $298,000.

Several other hedge funds have also recently bought and sold shares of the business. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington during the 1st quarter worth approximately $26,000. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $25,000. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $37,000. Colonial Trust Co SC lifted its position in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $0.77 during trading hours on Thursday, hitting $117.96. 1,123,776 shares of the company were exchanged, compared to its average volume of 1,387,708. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The business's 50-day simple moving average is $114.79 and its two-hundred day simple moving average is $114.01.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EXPD shares. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their price target for the company from $117.00 to $118.00 in a report on Friday, July 11th. Truist Financial upped their price objective on shares of 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. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. UBS Group boosted their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Barclays reduced their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.