Lmcg Investments LLC Decreases Position in Expeditors International of Washington, Inc. $EXPD

Lmcg Investments LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,785 shares of the transportation company’s stock after selling 2,325 shares during the quarter. Lmcg Investments LLC’s holdings in Expeditors International of Washington were worth $3,060,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXPD. Farther Finance Advisors LLC boosted its position in Expeditors International of Washington by 11.2% during the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company’s stock worth $132,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Expeditors International of Washington by 16.5% in the first quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 598 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Expeditors International of Washington by 0.9% in the first quarter. Assenagon Asset Management S.A. now owns 28,908 shares of the transportation company’s stock valued at $3,476,000 after acquiring an additional 268 shares in the last quarter. Simon Quick Advisors LLC lifted its position in shares of Expeditors International of Washington by 33.1% in the first quarter. Simon Quick Advisors LLC now owns 2,742 shares of the transportation company’s stock valued at $330,000 after acquiring an additional 682 shares in the last quarter. Finally, Tobam purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at $1,137,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXPD. UBS Group upped their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Finally, Truist Financial upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, June 30th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus target price of $114.44.

Expeditors International of Washington Trading Down 2.7%

Expeditors International of Washington stock opened at $113.06 on Friday. The firm has a market capitalization of $15.34 billion, a P/E ratio of 19.77, a PEG ratio of 5.00 and a beta of 1.09. The stock has a fifty day moving average price of $120.79 and a 200 day moving average price of $115.73. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

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.