Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank reduced its stake in Expeditors International of Washington by 0.9%, maintaining ownership of 394,900 shares valued at approximately $47.49 million.
• Several institutional investors significantly increased their holdings in the company, with First Trust Advisors LP and GAMMA Investing LLC seeing notable increases of 33.8% and 13,910.4% respectively.
• Wall Street analysts have mixed views on the company, with price targets ranging from $107.00 to $120.00 and five analysts issuing a sell rating while eight rated it as a hold.

Swiss National Bank decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 394,900 shares of the transportation company's stock after selling 3,700 shares during the period. Swiss National Bank owned approximately 0.29% of Expeditors International of Washington worth $47,487,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Expeditors International of Washington by 8.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 303,198 shares of the transportation company's stock valued at $36,460,000 after buying an additional 23,669 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Expeditors International of Washington by 7.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 976,329 shares of the transportation company's stock valued at $117,404,000 after buying an additional 71,592 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $3,973,000. Lester Murray Antman dba SimplyRich purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $209,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $526,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on EXPD shares. UBS Group increased their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. 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. 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. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Finally, Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price objective for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $114.22.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $0.04 during midday trading on Friday, reaching $119.83. The stock had a trading volume of 1,171,238 shares, compared to its average volume of 1,378,761. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company's fifty day simple moving average is $115.71 and its two-hundred day simple moving average is $114.25. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 5.00 and a beta of 1.05.

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.