Expeditors International of Washington, Inc. $EXPD Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 75.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,723 shares of the transportation company's stock after selling 5,272 shares during the period. XTX Topco Ltd's holdings in Expeditors International of Washington were worth $207,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. NDVR Inc. grew its stake in Expeditors International of Washington by 5.8% in the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after purchasing an additional 99 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of Expeditors International of Washington by 6.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock worth $199,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 11.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after purchasing an additional 109 shares during the last quarter. Greenleaf Trust grew its stake in Expeditors International of Washington by 2.5% during the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after buying an additional 112 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Expeditors International of Washington by 3.1% during the 4th quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock valued at $426,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXPD. Truist Financial boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. boosted 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 research report on Tuesday, July 8th. TD Cowen decreased 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 report on Wednesday, May 7th. Robert W. Baird started coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. Finally, Barclays reduced their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Stock Up 0.2%

Shares of NASDAQ:EXPD traded up $0.29 during trading on Monday, hitting $120.15. 148,729 shares of the stock traded hands, compared to its average volume of 1,370,800. The company has a fifty day moving average price of $115.71 and a two-hundred day moving average price of $114.25. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 5.00 and a beta of 1.05.

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.