Apollon Wealth Management LLC Grows Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Apollon Wealth Management LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,329 shares of the transportation company’s stock after acquiring an additional 360 shares during the period. Apollon Wealth Management LLC’s holdings in Expeditors International of Washington were worth $266,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock worth $19,343,000 after purchasing an additional 56,008 shares during the period. State of Alaska Department of Revenue increased its stake in Expeditors International of Washington by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock valued at $1,971,000 after buying an additional 430 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Expeditors International of Washington by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock worth $667,000 after buying an additional 834 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Expeditors International of Washington by 2.4% in the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock worth $1,249,000 after acquiring an additional 246 shares during the period. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $203,000. 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 company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value 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. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $120.00 on Friday. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business’s 50 day simple moving average is $120.79 and its 200-day simple moving average is $115.58. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXPD. UBS Group increased their price target 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 began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price on the stock. Truist Financial increased their target price 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. Baird R W raised Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Finally, Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, October 10th. Seven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Reduce” and an average price target of $114.44.

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.