Ethic Inc. Sells 4,305 Shares of Expeditors International of Washington, Inc. $EXPD

Ethic Inc. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,026 shares of the transportation company’s stock after selling 4,305 shares during the quarter. Ethic Inc.’s holdings in Expeditors International of Washington were worth $3,453,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock valued at $667,000 after acquiring an additional 834 shares during the last quarter. Brown Advisory Inc. grew its stake 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 buying an additional 246 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Expeditors International of Washington during the first quarter worth $203,000. Oppenheimer & Co. Inc. grew its stake in shares of Expeditors International of Washington by 9.9% during the first quarter. Oppenheimer & Co. Inc. now owns 3,987 shares of the transportation company’s stock worth $479,000 after buying an additional 360 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Expeditors International of Washington by 16.5% during the first quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company’s stock worth $507,000 after buying an additional 598 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXPD. 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 note on Monday, June 30th. 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 note on Wednesday, August 6th. 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 note on Friday, July 11th. Stifel Nicolaus decreased their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a research note on Friday, October 10th. Finally, Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Seven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $114.44.

Expeditors International of Washington Stock Down 0.1%

Shares of Expeditors International of Washington stock opened at $118.52 on Friday. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $129.15. The company’s fifty day moving average is $120.76 and its 200 day moving average is $115.84.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is currently owned by 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.