Berger Financial Group Inc Acquires 404 Shares of Expeditors International of Washington, Inc. $EXPD

Berger Financial Group Inc increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,652 shares of the transportation company’s stock after buying an additional 404 shares during the period. Berger Financial Group Inc’s holdings in Expeditors International of Washington were worth $5,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock valued at $19,343,000 after purchasing an additional 56,008 shares during the period. State of Alaska Department of Revenue grew its holdings in Expeditors International of Washington by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock valued at $1,971,000 after buying an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock valued at $667,000 after buying an additional 834 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Expeditors International of Washington by 2.4% in 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 in the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Expeditors International of Washington in the first quarter worth about $203,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.4%

Shares of EXPD opened at $123.55 on Friday. The stock has a market capitalization of $16.77 billion, a P/E ratio of 21.60, a PEG ratio of 5.00 and a beta of 1.09. The firm has a fifty day simple moving average of $120.31 and a two-hundred day simple moving average of $115.65. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $129.15.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EXPD shares. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price on the stock. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. upped their target price on 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. Finally, UBS Group raised 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. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $114.78.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’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 sale, the vice president owned 7,651 shares of the company’s stock, valued at $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 available through this link. Company 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.