Wealthfront Advisers LLC Buys 20,010 Shares of Expeditors International of Washington, Inc. $EXPD

Wealthfront Advisers LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 92.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,619 shares of the transportation company’s stock after purchasing an additional 20,010 shares during the quarter. Wealthfront Advisers LLC’s holdings in Expeditors International of Washington were worth $4,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Forum Financial Management LP increased its position in shares of Expeditors International of Washington by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock worth $310,000 after purchasing an additional 101 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company’s stock valued at $199,000 after buying an additional 103 shares in the last quarter. Greenleaf Trust increased its position in shares of Expeditors International of Washington by 2.5% in the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company’s stock worth $546,000 after purchasing an additional 112 shares during the period. Ancora Advisors LLC raised its position in shares of Expeditors International of Washington by 0.7% in the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock valued at $1,921,000 after buying an additional 118 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in Expeditors International of Washington by 4.1% during the first quarter. Concurrent Investment Advisors LLC now owns 3,071 shares of the transportation company’s stock valued at $369,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president directly owned 7,651 shares of the company’s stock, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research report on Friday, October 10th. Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their target price for the company from $117.00 to $118.00 in a report on Friday, July 11th. Finally, UBS Group raised 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. Seven research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Reduce” and an average price target of $114.44.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $119.53 on Wednesday. The firm has a market cap of $16.22 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $129.15. The business’s 50 day moving average price is $120.68 and its two-hundred day moving average price is $116.23.

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.