Vident Advisory LLC Has $1.90 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Vident Advisory LLC increased its stake in Expeditors International of Washington by 43.5% in the first quarter, acquiring an additional 4,774 shares, bringing their total to 15,760 shares valued at approximately $1.895 million.
• Several analysts have recently updated their price targets for Expeditors International, with Barclays lowering their target to $105, while UBS raised it to $120, reflecting mixed sentiments from the investment community regarding the company's performance.
• Expeditors International has seen a significant amount of activity from institutional investors, with 94.02% of its shares owned by these entities, indicating a high level of investor interest in the company's stock.

Vident Advisory LLC boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,760 shares of the transportation company's stock after purchasing an additional 4,774 shares during the period. Vident Advisory LLC's holdings in Expeditors International of Washington were worth $1,895,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington during the first quarter valued at approximately $26,000. Zions Bancorporation National Association UT bought a new stake in Expeditors International of Washington in the first quarter valued at approximately $30,000. Garde Capital Inc. bought a new stake in Expeditors International of Washington in the first quarter valued at approximately $37,000. Colonial Trust Co SC raised its stake in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after buying an additional 130 shares during the period. Finally, Park Square Financial Group LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $42,000. 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 firm's 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 owned 7,651 shares in the company, valued at $903,200.55. This trade 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 company insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $0.68 during mid-day trading on Friday, reaching $120.96. 1,061,616 shares of the company were exchanged, compared to its average volume of 1,355,683. The company has a fifty day simple moving average of $117.59 and a 200-day simple moving average of $115.03. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The firm has a market cap of $16.42 billion, a PE ratio of 21.15, a PEG ratio of 5.00 and a beta of 1.06.

Analysts Set New Price Targets

EXPD has been the topic of several research analyst reports. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price objective for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Truist Financial upped their price objective on 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. Robert W. Baird began coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price target for the company. Finally, UBS Group lifted their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of "Reduce" and an average price target of $114.22.

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.