US Bancorp DE Trims Stock Position in Expeditors International of Washington, Inc. $EXPD

US Bancorp DE reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.9% during the second quarter, Holdings Channel reports. The firm owned 207,606 shares of the transportation company’s stock after selling 10,723 shares during the quarter. US Bancorp DE’s holdings in Expeditors International of Washington were worth $23,719,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 11.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company’s stock valued at $132,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Expeditors International of Washington by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company’s stock valued at $507,000 after buying an additional 598 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Expeditors International of Washington by 0.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 28,908 shares of the transportation company’s stock valued at $3,476,000 after buying an additional 268 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 33.1% during the 1st quarter. Simon Quick Advisors LLC now owns 2,742 shares of the transportation company’s stock valued at $330,000 after buying an additional 682 shares in the last quarter. Finally, Tobam bought a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $1,137,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares of the company’s stock, valued at $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a report on Monday, June 30th. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Stifel Nicolaus dropped their price target on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a research note on Friday. UBS Group upped 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 research note on Wednesday, August 6th. Finally, Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $114.44.

Expeditors International of Washington Stock Down 2.7%

NASDAQ EXPD opened at $113.06 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15. The firm has a market capitalization of $15.34 billion, a P/E ratio of 19.77, a PEG ratio of 5.00 and a beta of 1.09. The company has a 50-day moving average price of $120.79 and a 200-day moving average price of $115.73.

Expeditors International of Washington 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.