Bank of New York Mellon Corp Grows Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of New York Mellon Corp lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 983,996 shares of the transportation company's stock after purchasing an additional 53,738 shares during the quarter. Bank of New York Mellon Corp owned about 0.70% of Expeditors International of Washington worth $108,997,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth $293,000. Chapman Investment Management LLC increased its position in Expeditors International of Washington by 57.2% during the third quarter. Chapman Investment Management LLC now owns 18,855 shares of the transportation company's stock worth $2,478,000 after purchasing an additional 6,858 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Expeditors International of Washington by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company's stock worth $144,000 after purchasing an additional 176 shares during the period. Van ECK Associates Corp grew its stake in shares of Expeditors International of Washington by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,192 shares of the transportation company's stock valued at $3,966,000 after buying an additional 3,092 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Expeditors International of Washington by 33.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 262,818 shares of the transportation company's stock valued at $34,534,000 after buying an additional 65,186 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. UBS Group reduced 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 report on Wednesday, February 19th. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $116.56.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $0.04 during midday trading on Wednesday, hitting $118.17. The company's stock had a trading volume of 1,462,352 shares, compared to its average volume of 1,237,615. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The business's fifty day simple moving average is $113.12 and its two-hundred day simple moving average is $118.33. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company's 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 sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company's stock, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate 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.