Expeditors International of Washington, Inc. $EXPD Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,430 shares of the transportation company’s stock after purchasing an additional 69,290 shares during the quarter. Allianz Asset Management GmbH’s holdings in Expeditors International of Washington were worth $69,316,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC lifted its position in Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $43,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth $43,000. Finally, Addison Advisors LLC boosted its position 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 valued at $44,000 after acquiring an additional 170 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, 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 at the SEC website. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $165.03 on Thursday. The firm has a market cap of $22.12 billion, a P/E ratio of 28.85, a P/E/G ratio of 5.00 and a beta of 1.14. The firm’s 50 day moving average price is $154.90 and its 200-day moving average price is $134.43. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Barclays lifted their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Truist Financial raised their target price 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. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $134.10.

About Expeditors International of Washington

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.