Expeditors International of Washington, Inc. $EXPD Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,987 shares of the transportation company’s stock after purchasing an additional 4,146 shares during the period. Rhumbline Advisers owned about 0.23% of Expeditors International of Washington worth $37,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EXPD. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Expeditors International of Washington during the second quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in Expeditors International of Washington in the second quarter valued at $43,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Expeditors International of Washington in the third quarter worth about $43,000. Finally, Addison Advisors LLC boosted its stake in shares of Expeditors International of Washington by 79.1% during the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $146.27 on Friday. The stock’s 50 day simple moving average is $156.22 and its 200-day simple moving average is $136.50. The stock has a market cap of $19.60 billion, a P/E ratio of 25.57, a P/E/G ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EXPD shares. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Barclays boosted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Truist Financial boosted their price objective on Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Finally, Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Two 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $134.10.

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.