Baker Tilly Wealth Management LLC Lowers Holdings in Expeditors International of Washington, Inc. $EXPD

Baker Tilly Wealth Management LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,028 shares of the transportation company’s stock after selling 251 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Expeditors International of Washington were worth $460,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators boosted its stake in shares of Expeditors International of Washington by 6.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company’s stock worth $199,000 after acquiring an additional 103 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 worth $132,000 after acquiring an additional 109 shares in the last quarter. Greenleaf Trust boosted its stake in shares of 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 acquiring an additional 112 shares in the last quarter. Smith Shellnut Wilson LLC ADV boosted its stake in shares of Expeditors International of Washington by 5.4% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,320 shares of the transportation company’s stock worth $257,000 after acquiring an additional 118 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of Expeditors International of Washington by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock worth $1,921,000 after acquiring an additional 118 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $124.86 on Thursday. The company has a 50 day simple moving average of $118.62 and a 200-day simple moving average of $115.39. The company has a market capitalization of $16.95 billion, a P/E ratio of 21.83, a P/E/G 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.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXPD shares. UBS Group increased 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 research note on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target 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. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. Finally, Truist Financial raised their price target 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. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $114.78.

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.