Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 2,025 Shares of Expeditors International of Washington, Inc. $EXPD

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 20.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,723 shares of the transportation company’s stock after selling 2,025 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Expeditors International of Washington were worth $882,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in shares of Expeditors International of Washington in the first quarter valued at about $30,000. Ransom Advisory Ltd bought a new position in shares of Expeditors International of Washington in the first quarter valued at about $41,000. Twin Tree Management LP bought a new position in shares of Expeditors International of Washington in the first quarter valued at about $42,000. Carderock Capital Management Inc. bought a new position in shares of Expeditors International of Washington in the second quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Expeditors International of Washington by 827.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 408 shares of the transportation company’s stock valued at $47,000 after buying an additional 364 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Down 0.6%

Shares of EXPD stock opened at $117.73 on Monday. The stock has a 50-day moving average price of $120.72 and a 200 day moving average price of $116.08. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a report on Friday, October 10th. UBS Group lifted their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Truist Financial lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $114.44.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is currently owned by insiders.

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.