Forum Financial Management LP Purchases 101 Shares of Expeditors International of Washington, Inc. $EXPD

Forum Financial Management LP lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% in the second quarter, HoldingsChannel.com reports. The fund owned 2,714 shares of the transportation company’s stock after buying an additional 101 shares during the period. Forum Financial Management LP’s holdings in Expeditors International of Washington were worth $310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $30,000. Ransom Advisory Ltd bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $41,000. Twin Tree Management LP bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $42,000. Carderock Capital Management Inc. bought a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $46,000. Finally, eCIO Inc. bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $53,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $117.73 on Monday. 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 50 day moving average price of $120.72 and a two-hundred day moving average price of $116.08. The stock has a market cap of $15.98 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of recent analyst reports. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. UBS Group increased their price objective on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Truist Financial increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, June 30th. Seven analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. 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 Company 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.