Northeast Financial Consultants Inc Takes $216,000 Position in Expeditors International of Washington, Inc. $EXPD

Northeast Financial Consultants Inc bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,800 shares of the transportation company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock valued at $19,343,000 after acquiring an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Expeditors International of Washington by 2.7% during 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 acquiring an additional 430 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake 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 valued at $667,000 after acquiring an additional 834 shares during the last quarter. Brown Advisory Inc. raised its stake in Expeditors International of Washington by 2.4% during the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock valued at $1,249,000 after acquiring an additional 246 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at approximately $203,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’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 value of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares of the company’s stock, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $117.00 to $118.00 in a research note on Friday, July 11th. UBS Group upped their price objective on 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. Truist Financial boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, June 30th. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Finally, Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $114.22.

Expeditors International of Washington Trading Up 0.7%

Shares of EXPD stock opened at $121.82 on Tuesday. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The stock has a 50 day simple moving average of $117.85 and a 200-day simple moving average of $115.07. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

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.