Russell Investments Group Ltd. Buys 83,040 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Russell Investments Group Ltd. increased its stake in Expeditors International of Washington, Inc. by 51.5%, acquiring an additional 83,040 shares, bringing their total to 244,322 shares valued at approximately $29.38 million.
• Institutional investors collectively own 94.02% of Expeditors International of Washington, indicating strong institutional support for the company.
• Expeditors International's stock currently has a consensus rating of "Hold" among analysts, with a consensus price target of $114.22.

Russell Investments Group Ltd. boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 51.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 244,322 shares of the transportation company's stock after acquiring an additional 83,040 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Expeditors International of Washington worth $29,378,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. NDVR Inc. boosted its stake in shares of Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after purchasing an additional 99 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of 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 valued at $199,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of 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 valued at $132,000 after purchasing an additional 109 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Expeditors International of Washington by 2.5% in the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after purchasing an additional 112 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of 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 valued at $426,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $119.83 on Friday. The company has a market capitalization of $16.26 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The company's 50 day moving average price is $115.71 and its two-hundred day moving average price is $114.25. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price on the stock. TD Cowen reduced their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Truist Financial raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Finally, Barclays cut their price target 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. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $114.22.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Company 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.

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