Vontobel Holding Ltd. Trims Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vontobel Holding Ltd. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 71.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,073 shares of the transportation company’s stock after selling 7,865 shares during the quarter. Vontobel Holding Ltd.’s holdings in Expeditors International of Washington were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EXPD. Charles Schwab Investment Management Inc. raised its position in shares of Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares during the period. Franklin Resources Inc. raised its stake in shares of Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after acquiring an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $4,363,000. Pensionfund Sabic purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $1,329,000. Finally, Drystone LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $5,925,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on EXPD shares. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Bank of America lowered their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $117.22 on Friday. The business’s fifty day moving average price is $112.58 and its two-hundred day moving average price is $118.43. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 4.02 and a beta of 0.98.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently 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.