Board of the Pension Protection Fund Takes Position in Expeditors International of Washington, Inc. $EXPD

Board of the Pension Protection Fund purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,700 shares of the transportation company’s stock, valued at approximately $1,337,000.

Several other large investors have also recently made changes to their positions in EXPD. Alpine Bank Wealth Management acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $30,000. Garde Capital Inc. acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $37,000. Ransom Advisory Ltd acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $41,000. Finally, Twin Tree Management LP acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the 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 sale, the vice president directly owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 2.7%

Shares of 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 company’s 50 day moving average is $120.79 and its two-hundred day moving average is $115.70. The company has a market cap of $15.34 billion, a PE ratio of 19.77, a P/E/G ratio of 5.00 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Bank of America lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 price objective on the stock. Truist Financial increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, June 30th. UBS Group increased their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus price target of $114.44.

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.