Forum Financial Management LP Acquires 101 Shares of Expeditors International of Washington, Inc. $EXPD

Forum Financial Management LP grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,714 shares of the transportation company’s stock after buying an additional 101 shares during the quarter. Forum Financial Management LP’s holdings in Expeditors International of Washington were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners lifted its position in 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 in the last quarter. Invesco Ltd. increased its stake 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 purchasing an additional 576,468 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 4.8% during the 1st quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock worth $221,874,000 after purchasing an additional 84,556 shares during the last quarter. Marshfield Associates increased its stake in shares of Expeditors International of Washington by 0.8% during the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock worth $221,470,000 after purchasing an additional 14,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Expeditors International of Washington by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,359,561 shares of the transportation company’s stock worth $163,476,000 after purchasing an additional 36,312 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $117.73 on Monday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15. The firm has a market cap of $15.98 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm’s 50-day simple moving average is $120.72 and its 200 day simple moving average is $116.08.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXPD shares. Stifel Nicolaus lowered their price objective 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. Truist Financial boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. UBS Group boosted their price objective 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. Finally, Barclays boosted their price objective 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $114.44.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were 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 owned 7,651 shares of the company’s stock, valued at $903,200.55. The trade was a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is owned by corporate 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.