Trinity Legacy Partners LLC Takes Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Trinity Legacy Partners LLC acquired a new stake in Expeditors International, purchasing 33,921 shares valued at approximately $3.9 million in the first quarter.
• Other institutional investors significantly increased their holdings, with Invesco Ltd. growing its position by 23.4% and GAMMA Investing LLC by an extraordinary 13,910.4%.
• Expeditors International's stock is currently valued at around $119.91, with Wall Street analysts rating the stock as a "hold" with an average target price of $114.22.

Trinity Legacy Partners LLC bought a new stake in 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 SEC. The fund bought 33,921 shares of the transportation company's stock, valued at approximately $3,911,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its position in shares of Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock valued at $365,548,000 after buying an additional 576,468 shares during the period. GAMMA Investing LLC grew its holdings in shares of Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock worth $61,021,000 after acquiring an additional 503,833 shares during the period. Boston Partners raised its position in shares of Expeditors International of Washington by 13.1% in the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock worth $516,385,000 after acquiring an additional 498,212 shares in the last quarter. Northern Trust Corp raised its position in shares of Expeditors International of Washington by 19.7% in the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock worth $253,490,000 after acquiring an additional 376,689 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $43,816,000. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction 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 transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Up 1.3%

Shares of Expeditors International of Washington stock opened at $119.9110 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The company's 50 day moving average is $116.26 and its 200 day moving average is $114.48. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research reports. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Truist Financial raised 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 note on Monday, June 30th. UBS Group upped their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. TD Cowen reduced their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Finally, Barclays decreased their price objective on shares of 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. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $114.22.

Expeditors International of Washington 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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