Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Allworth Financial LP

Allworth Financial LP raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,518 shares of the transportation company’s stock after acquiring an additional 1,216 shares during the quarter. Allworth Financial LP’s holdings in Expeditors International of Washington were worth $732,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares during the period. Marshfield Associates grew its position in Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after acquiring an additional 6,878 shares during the period. Principal Financial Group Inc. grew its position in Expeditors International of Washington by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock valued at $152,559,000 after acquiring an additional 4,044 shares during the period. Charles Schwab Investment Management Inc. grew its position in Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in Expeditors International of Washington by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after acquiring an additional 9,007 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Finally, TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $117.22 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The firm has a market cap of $16.41 billion, a P/E ratio of 20.49, a PEG ratio of 4.02 and a beta of 0.98. The stock has a fifty day moving average price of $112.58 and a two-hundred day moving average price of $118.43.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is owned by 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.