DekaBank Deutsche Girozentrale Decreases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

DekaBank Deutsche Girozentrale decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 803,807 shares of the transportation company’s stock after selling 10,454 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Expeditors International of Washington were worth $91,397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at approximately $26,000. Zions Bancorporation National Association UT purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at approximately $30,000. Garde Capital Inc. purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at approximately $37,000. Ransom Advisory Ltd purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at approximately $41,000. Finally, Twin Tree Management LP purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of several recent research reports. Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $117.00 to $118.00 in a research note on Friday, July 11th. JPMorgan Chase & Co. increased their price objective on 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. Stifel Nicolaus reduced their price objective on 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. UBS Group increased their price objective on 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 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 research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Reduce” and an average price target of $114.44.

Expeditors International of Washington Stock Up 0.4%

Shares of EXPD opened at $120.41 on Tuesday. 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 market capitalization of $16.34 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock has a fifty day simple moving average of $120.86 and a two-hundred day simple moving average of $115.70.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares of the company’s stock, valued at $903,200.55. This trade represents a 16.12% decrease in their position. 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 company insiders.

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.