Expeditors International of Washington, Inc. $EXPD Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC reduced its holdings in Expeditors International of Washington by 62.8% during the first quarter, now owning only 4,512 shares worth approximately $543,000.
• Several institutional investors, including Alpine Bank Wealth Management and Zions Bancorporation, have also recently purchased positions in Expeditors International, indicating a high level of institutional interest with 94.02% of the stock held by such investors.
• Expeditors International's stock currently trades around $120.96, with a 52-week range between $100.47 and $131.59, and several analysts have given it a mixed assessment, with some assigning Hold and others Sell ratings.

Teza Capital Management LLC reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 62.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,512 shares of the transportation company's stock after selling 7,623 shares during the quarter. Teza Capital Management LLC's holdings in Expeditors International of Washington were worth $543,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. USS Investment Management Ltd boosted its position in shares of Expeditors International of Washington by 12.3% during the 1st quarter. USS Investment Management Ltd now owns 31,657 shares of the transportation company's stock worth $3,806,000 after acquiring an additional 3,462 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Expeditors International of Washington by 4.8% during the 1st quarter. UniSuper Management Pty Ltd now owns 19,724 shares of the transportation company's stock worth $2,372,000 after acquiring an additional 900 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Expeditors International of Washington by 1.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 19,445 shares of the transportation company's stock worth $2,338,000 after acquiring an additional 291 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company's stock worth $1,944,000 after acquiring an additional 623 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Expeditors International of Washington by 516.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company's stock valued at $69,311,000 after purchasing an additional 482,814 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction 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 $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EXPD. Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price for the company. Baird R W raised Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their target price for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Truist Financial upped their target price on 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. Finally, Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Thursday. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $114.78.

Expeditors International of Washington Stock Up 0.2%

EXPD traded up $0.26 on Friday, hitting $123.61. 1,058,851 shares of the company traded hands, compared to its average volume of 1,352,780. The company has a 50 day moving average of $118.17 and a 200-day moving average of $115.24. The stock has a market capitalization of $16.78 billion, a PE ratio of 21.61, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

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.