MBB Public Markets I LLC Purchases Shares of 2,741 Expeditors International of Washington, Inc. $EXPD

MBB Public Markets I LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 2,741 shares of the transportation company’s stock, valued at approximately $330,000.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of 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 purchasing an additional 115 shares in the last quarter. Deutsche Bank AG raised its position in shares of Expeditors International of Washington by 25.8% in the fourth quarter. Deutsche Bank AG now owns 889,741 shares of the transportation company’s stock worth $98,557,000 after buying an additional 182,566 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Expeditors International of Washington by 64.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 325,023 shares of the transportation company’s stock valued at $36,003,000 after purchasing an additional 127,469 shares in the last quarter. First Manhattan CO. LLC. purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $430,000. Finally, Focus Partners Wealth bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $432,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Truist Financial raised their target price 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. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Finally, UBS Group boosted their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $114.22.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $120.96 on Monday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company has a 50 day moving average price of $117.70 and a 200 day moving average price of $115.03. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s 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 completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

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.