Expeditors International of Washington, Inc. $EXPD Stock Position Reduced by Lakeside Advisors INC.

Lakeside Advisors INC. cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,064 shares of the transportation company’s stock after selling 88 shares during the period. Expeditors International of Washington makes up 2.4% of Lakeside Advisors INC.’s holdings, making the stock its 10th biggest holding. Lakeside Advisors INC.’s holdings in Expeditors International of Washington were worth $3,663,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Boston Partners increased its position in shares of Expeditors International of Washington by 13.1% during the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after acquiring an additional 498,212 shares during the last quarter. Invesco Ltd. increased its position in shares of Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after acquiring an additional 576,468 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Expeditors International of Washington by 4.8% during the first quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock valued at $221,874,000 after acquiring an additional 84,556 shares during the last quarter. Marshfield Associates increased its position in shares of Expeditors International of Washington by 0.8% during the first quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock valued at $221,470,000 after acquiring an additional 14,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Expeditors International of Washington by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,359,561 shares of the transportation company’s stock valued at $163,476,000 after acquiring an additional 36,312 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington 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 owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Down 1.2%

Shares of Expeditors International of Washington stock opened at $122.17 on Wednesday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $129.15. The company has a 50 day moving average of $120.64 and a 200 day moving average of $115.74. The company has a market capitalization of $16.58 billion, a P/E ratio of 21.36, a P/E/G ratio of 5.00 and a beta of 1.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EXPD shares. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, June 30th. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. UBS Group lifted 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 report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. lifted 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 report on Tuesday, July 8th. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $114.78.

About Expeditors International of Washington

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.