US Bancorp DE Has $23.72 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• US Bancorp DE has reduced its holdings in Expeditors International of Washington, Inc. by 4.9%, now owning approximately $23.72 million worth of stock.
• Several institutional investors have increased their stakes in Expeditors, including Shell Asset Management which raised its holdings by 40.4% during the same period.
• Brokerages have varied outlooks on the stock, with price targets ranging from $105 to $120 and an average target of $114.44.

US Bancorp DE trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,606 shares of the transportation company's stock after selling 10,723 shares during the period. US Bancorp DE owned about 0.15% of Expeditors International of Washington worth $23,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in EXPD. Shell Asset Management Co. raised its holdings in shares of Expeditors International of Washington by 40.4% in the second quarter. Shell Asset Management Co. now owns 33,620 shares of the transportation company's stock valued at $3,841,000 after purchasing an additional 9,678 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Expeditors International of Washington by 0.9% in the second quarter. KLP Kapitalforvaltning AS now owns 100,002 shares of the transportation company's stock valued at $11,425,000 after purchasing an additional 900 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Expeditors International of Washington by 14.7% in the second quarter. DAVENPORT & Co LLC now owns 1,939 shares of the transportation company's stock valued at $222,000 after purchasing an additional 249 shares during the last quarter. Simplicity Wealth LLC raised its holdings in shares of Expeditors International of Washington by 28.1% in the second quarter. Simplicity Wealth LLC now owns 8,064 shares of the transportation company's stock valued at $921,000 after purchasing an additional 1,767 shares during the last quarter. Finally, Berger Financial Group Inc raised its holdings in shares of Expeditors International of Washington by 0.8% in the second quarter. Berger Financial Group Inc now owns 50,652 shares of the transportation company's stock valued at $5,787,000 after purchasing an additional 404 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPD. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Thursday, September 11th. Stifel Nicolaus decreased their price objective on shares of Expeditors International of Washington from $118.00 to $114.00 and set a "hold" rating for the company in a report on Friday. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. UBS Group raised their price objective on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised 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 report on Tuesday, July 8th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $114.44.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington 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 completion of the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 2.7%

EXPD stock opened at $113.06 on Friday. The firm has a 50 day moving average of $120.79 and a 200-day moving average of $115.73. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15. The firm has a market capitalization of $15.34 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

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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