GAMMA Investing LLC Has $717,000 Position in Expeditors International of Washington, Inc. $EXPD

GAMMA Investing LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 48.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,280 shares of the transportation company’s stock after buying an additional 2,060 shares during the quarter. GAMMA Investing LLC’s holdings in Expeditors International of Washington were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXPD. Invesco Ltd. grew its position in shares of Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after buying an additional 576,468 shares during the period. Boston Partners grew its position in shares of Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after buying an additional 498,212 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Expeditors International of Washington by 516.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after buying an additional 482,814 shares during the period. Nuveen LLC acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth about $43,816,000. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Expeditors International of Washington by 26.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,013,337 shares of the transportation company’s stock valued at $121,854,000 after purchasing an additional 209,847 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Truist Financial lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a report on Monday, June 30th. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Finally, Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $117.00 to $118.00 in a report on Friday, July 11th. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Reduce” and a consensus target price of $114.78.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $120.97 on Thursday. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 5.00 and a beta of 1.06. The stock’s 50 day moving average price is $119.21 and its two-hundred day moving average price is $115.41. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction that occurred 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 sale, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.69% of the company’s stock.

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.