180 Wealth Advisors LLC Sells 148 Shares of Expeditors International of Washington, Inc. $EXPD

180 Wealth Advisors LLC lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,255 shares of the transportation company’s stock after selling 148 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Expeditors International of Washington were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Invesco Ltd. raised its position in Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after acquiring an additional 576,468 shares in the last quarter. Boston Partners grew its holdings in Expeditors International of Washington by 13.1% during the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after purchasing an additional 498,212 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Expeditors International of Washington by 516.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock valued at $69,311,000 after purchasing an additional 482,814 shares during the last quarter. Nuveen LLC acquired a new position in Expeditors International of Washington during the first quarter valued at approximately $43,816,000. Finally, Epoch Investment Partners Inc. grew its holdings in Expeditors International of Washington by 26.1% during the first 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 during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’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 sale, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.6%

Shares of Expeditors International of Washington stock opened at $117.73 on Friday. The company’s fifty day simple moving average is $120.72 and its 200-day simple moving average is $116.04. The company has a market cap of $15.98 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $129.15.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stifel Nicolaus lowered their price target on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, October 10th. UBS Group increased their price target 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. Barclays increased their price target 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. Truist Financial increased their price target 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. Finally, Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 price objective on the stock. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and a consensus price target of $114.44.

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.