Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 976,329 shares of the transportation company’s stock after buying an additional 71,592 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Expeditors International of Washington were worth $117,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock valued at $19,343,000 after buying an additional 56,008 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock valued at $1,971,000 after buying an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock valued at $667,000 after buying an additional 834 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Expeditors International of Washington by 2.4% during the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock worth $1,249,000 after purchasing an additional 246 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in shares of Expeditors International of Washington during the first quarter worth $203,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. TD Cowen reduced their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research report on Wednesday, May 7th. UBS Group boosted 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 research report on Wednesday, August 6th. Truist Financial boosted 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 research report on Monday, June 30th. Finally, Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price on the stock. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $114.22.

Insider Buying and Selling 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 on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD opened at $116.95 on Tuesday. The stock has a market capitalization of $16.02 billion, a PE ratio of 20.45, a P/E/G ratio of 5.00 and a beta of 1.05. The firm’s fifty day moving average price is $114.99 and its 200 day moving average price is $114.07. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Expeditors International of Washington Company 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.