Wealth Enhancement Advisory Services LLC Acquires 26,830 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Expeditors International by 16.7%, acquiring an additional 26,830 shares, bringing their total ownership to 187,685 shares valued at approximately $22.2 million.
• Institutional investors now own 94.02% of Expeditors International's stock, with several entities like Alpine Bank Wealth Management and Zions Bancorporation making new positions during the first quarter.
• The current stock price of Expeditors International is $120.08, with a market capitalization of $16.3 billion and a price-to-earnings ratio of 20.99.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 16.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,685 shares of the transportation company's stock after purchasing an additional 26,830 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.14% of Expeditors International of Washington worth $22,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue increased its position in shares of Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after acquiring an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock valued at $667,000 after acquiring an additional 834 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Expeditors International of Washington by 2.4% during the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock valued at $1,249,000 after acquiring an additional 246 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $203,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $200,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded up $1.59 on Tuesday, hitting $121.07. 251,642 shares of the company's stock were exchanged, compared to its average volume of 1,350,752. The company has a 50-day simple moving average of $118.90 and a 200-day simple moving average of $115.34. The stock has a market capitalization of $16.43 billion, a PE ratio of 21.17, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EXPD shares. Truist Financial raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. UBS Group raised 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 report on Wednesday, August 6th. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price on the stock. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their target price 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 investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $114.78.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction 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 transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.69% of the company's stock.

About Expeditors International of Washington

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.