Expeditors International of Washington, Inc. $EXPD Shares Purchased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Expeditors International of Washington by 10.3%, owning 367,134 shares valued at approximately $44.15 million as of the end of the first quarter.
• Several analysts have reported mixed ratings on EXPD, with price targets ranging from $105 to $124, while the stock currently holds a consensus rating of "Reduce" with a target price of $114.22.
• About 94.02% of Expeditors International's stock is held by institutional investors and hedge funds, indicating strong interest from major financial entities.

Raymond James Financial Inc. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 10.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 367,134 shares of the transportation company's stock after buying an additional 34,325 shares during the period. Raymond James Financial Inc. owned about 0.27% of Expeditors International of Washington worth $44,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. grew its holdings in Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock worth $365,548,000 after purchasing an additional 576,468 shares during the last quarter. GAMMA Investing LLC grew its holdings in Expeditors International of Washington by 13,910.4% in the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock worth $61,021,000 after purchasing an additional 503,833 shares during the last quarter. Boston Partners grew its holdings in Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock worth $516,385,000 after purchasing an additional 498,212 shares during the last quarter. Northern Trust Corp grew its holdings in Expeditors International of Washington by 19.7% in the fourth quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock worth $253,490,000 after purchasing an additional 376,689 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Expeditors International of Washington in the first quarter worth $43,816,000. Institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EXPD shares. TD Cowen cut their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Barclays dropped 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 report on Wednesday, May 7th. Truist Financial boosted 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 report on Monday, June 30th. Finally, Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective on the stock. Seven analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $114.22.

Insider Buying and Selling at Expeditors International of Washington

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 completion of the transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $1.95 during mid-day trading on Thursday, hitting $120.38. The company's stock had a trading volume of 152,807 shares, compared to its average volume of 1,360,946. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 5.00 and a beta of 1.05. The business's fifty day moving average is $116.71 and its two-hundred day moving average is $114.70.

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.