3,776 Shares in Expeditors International of Washington, Inc. $EXPD Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,776 shares of the transportation company’s stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its position in shares of Expeditors International of Washington by 0.3% during the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock valued at $3,830,000 after buying an additional 91 shares during the last quarter. Forum Financial Management LP raised its position in Expeditors International of Washington by 3.9% in the 2nd quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after buying an additional 101 shares during the last quarter. Davidson Trust Co. lifted its stake in Expeditors International of Washington by 3.2% during the 3rd quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock valued at $452,000 after acquiring an additional 113 shares in the last quarter. Certuity LLC lifted its stake in Expeditors International of Washington by 3.4% during the 2nd quarter. Certuity LLC now owns 3,635 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 120 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in Expeditors International of Washington by 1.7% during the 3rd quarter. World Investment Advisors now owns 7,319 shares of the transportation company’s stock worth $897,000 after acquiring an additional 120 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EXPD shares. Truist Financial increased their target price on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Barclays increased their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Finally, Morgan Stanley increased their price target 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. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Reduce” and an average price target of $134.10.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director directly owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 0.8%

Expeditors International of Washington stock opened at $162.20 on Wednesday. The firm has a 50 day moving average price of $154.54 and a 200-day moving average price of $134.21. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19. The company has a market capitalization of $21.74 billion, a P/E ratio of 28.36, a P/E/G ratio of 5.00 and a beta of 1.14.

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.