Caitong International Asset Management Co. Ltd Has $47,000 Position in Expeditors International of Washington, Inc. $EXPD

Caitong International Asset Management Co. Ltd raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 827.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 408 shares of the transportation company’s stock after acquiring an additional 364 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Expeditors International of Washington were worth $47,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its stake in Expeditors International of Washington by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 101 shares during the period. Deseret Mutual Benefit Administrators raised its stake in Expeditors International of Washington by 6.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company’s stock valued at $199,000 after purchasing an additional 103 shares during the period. Greenleaf Trust raised its stake in Expeditors International of Washington by 2.5% during the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 112 shares during the period. Ancora Advisors LLC increased its stake in shares of Expeditors International of Washington by 0.7% in the first quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock worth $1,921,000 after acquiring an additional 118 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Expeditors International of Washington by 4.1% in the first quarter. Concurrent Investment Advisors LLC now owns 3,071 shares of the transportation company’s stock worth $369,000 after acquiring an additional 120 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $117.73 on Friday. The company has a market capitalization 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 one year low of $100.47 and a one year high of $129.15. The company’s fifty day moving average price is $120.72 and its two-hundred day moving average price is $116.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EXPD shares. Truist Financial upped their price target 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. upped their price target 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. Robert W. Baird started 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 target on the stock. Stifel Nicolaus dropped their price target 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, UBS Group upped their price target 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. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and an average target price of $114.44.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president directly owned 7,651 shares of the company’s stock, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by insiders.

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.