Core Insights - Envestnet Asset Management Inc. increased its stake in Expeditors International of Washington by 6.7% in Q3, owning 993,697 shares valued at $121.82 million [2] - Several institutional investors have also increased their holdings in Expeditors, with First Eagle Investment Management raising its position by 17.1% to 6,279,825 shares worth $717.47 million [3] - Analysts have set new price targets for Expeditors, with Truist Financial raising its target from $130 to $160 and UBS Group upgrading its rating from "neutral" to "buy" with a target of $166 [4] Institutional Ownership - Hedge funds and institutional investors collectively own 94.02% of Expeditors International's stock, indicating strong institutional interest [3] - Notable increases in holdings include First Trust Advisors LP (up 19.3% to 2,077,347 shares valued at $237.34 million) and Baird Financial Group Inc. (up 5.0% to 1,937,324 shares valued at $221.34 million) [3] Stock Performance - Expeditors International's stock opened at $165.17, with a market cap of $22.14 billion, a PE ratio of 28.88, and a 12-month high of $167.19 [5] - The stock has a 50-day moving average of $155.60 and a 200-day moving average of $134.99, indicating recent upward momentum [5] Company Overview - Expeditors International of Washington is a global logistics and freight forwarding company based in Seattle, specializing in tailored supply chain solutions across air, ocean, and ground transportation [6] - The company's core services include customs brokerage, cargo insurance, distribution and warehousing, vendor consolidation, and inventory management [7]