Expeditors International of Washington, Inc. $EXPD Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 38.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,656 shares of the transportation company’s stock after selling 15,963 shares during the quarter. Wealthfront Advisers LLC’s holdings in Expeditors International of Washington were worth $3,145,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in Expeditors International of Washington by 14.0% in the third quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock valued at $69,316,000 after buying an additional 69,290 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Expeditors International of Washington by 6.7% during the third quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock worth $121,817,000 after acquiring an additional 62,500 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Expeditors International of Washington by 237.3% in the 3rd quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock worth $1,265,000 after acquiring an additional 7,257 shares during the period. Mediolanum International Funds Ltd bought a new stake in Expeditors International of Washington in the 3rd quarter valued at about $464,000. Finally, Nordea Investment Management AB boosted its stake in Expeditors International of Washington by 7.4% during the 3rd quarter. Nordea Investment Management AB now owns 648,101 shares of the transportation company’s stock valued at $78,867,000 after purchasing an additional 44,849 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Morgan Stanley raised their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Zacks Research cut Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Truist Financial lifted their price objective on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $146.27 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $167.19. The business’s fifty day moving average is $156.22 and its 200-day moving average is $136.35. The stock has a market cap of $19.60 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.