Expeditors International of Washington, Inc. $EXPD Holdings Decreased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 93.0% during the third quarter, Holdings Channel reports. The firm owned 2,170 shares of the transportation company’s stock after selling 28,634 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Expeditors International of Washington were worth $266,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alliance Wealth Advisors LLC UT lifted its stake in Expeditors International of Washington by 25.9% in the third quarter. Alliance Wealth Advisors LLC UT now owns 4,071 shares of the transportation company’s stock valued at $499,000 after buying an additional 837 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in Expeditors International of Washington in the 3rd quarter valued at about $204,000. Lansforsakringar Fondforvaltning AB publ lifted its position in Expeditors International of Washington by 11.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 44,013 shares of the transportation company’s stock valued at $5,396,000 after purchasing an additional 4,382 shares during the last quarter. Citigroup Inc. boosted its stake in Expeditors International of Washington by 34.5% during the 3rd quarter. Citigroup Inc. now owns 244,393 shares of the transportation company’s stock valued at $29,960,000 after purchasing an additional 62,634 shares during the period. Finally, Asahi Life Asset Management CO. LTD. bought a new position in Expeditors International of Washington in the 3rd quarter worth about $387,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXPD. 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 report on Thursday, January 15th. JPMorgan Chase & Co. reduced their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Morgan Stanley raised their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Finally, Stifel Nicolaus raised their target price 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. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Reduce” and an average target price of $134.10.

Expeditors International of Washington Trading Down 4.4%

Shares of Expeditors International of Washington stock opened at $149.36 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $167.19. The company has a market cap of $20.02 billion, a P/E ratio of 26.11, a P/E/G ratio of 5.00 and a beta of 1.13. The stock has a 50-day moving average price of $156.14 and a 200 day moving average price of $138.08.

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.