MOKAN Wealth Management Inc. Boosts Stake in Expeditors International of Washington, Inc. $EXPD

MOKAN Wealth Management Inc. increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,566 shares of the transportation company’s stock after purchasing an additional 1,867 shares during the period. MOKAN Wealth Management Inc.’s holdings in Expeditors International of Washington were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EXPD. Invesco Ltd. grew its stake in Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after purchasing an additional 576,468 shares in the last quarter. Boston Partners grew its stake in Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after purchasing an additional 498,212 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Expeditors International of Washington by 516.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after purchasing an additional 482,814 shares in the last quarter. Nuveen LLC acquired a new position in Expeditors International of Washington in the first quarter worth about $43,816,000. Finally, Epoch Investment Partners Inc. grew its stake in Expeditors International of Washington by 26.1% in the first quarter. Epoch Investment Partners Inc. now owns 1,013,337 shares of the transportation company’s stock worth $121,854,000 after purchasing an additional 209,847 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a report on Friday. 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. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Finally, Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Seven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $114.44.

Expeditors International of Washington Trading Down 2.7%

EXPD opened at $113.06 on Monday. The business’s 50 day moving average is $120.79 and its 200-day moving average is $115.67. The stock has a market cap of $15.34 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $129.15.

Insider Buying and Selling at Expeditors International of Washington

In other 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 stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction 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.

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.