Banque Pictet & Cie SA Grows Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Banque Pictet & Cie SA lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,336 shares of the transportation company's stock after buying an additional 6,390 shares during the quarter. Banque Pictet & Cie SA owned approximately 0.05% of Expeditors International of Washington worth $8,013,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OLD National Bancorp IN lifted its stake in Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after purchasing an additional 113 shares in the last quarter. Lindenwold Advisors INC increased its holdings in shares of Expeditors International of Washington by 0.7% in the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock worth $2,196,000 after purchasing an additional 114 shares during the period. Guardian Wealth Advisors LLC raised its position in shares of Expeditors International of Washington by 5.9% in the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company's stock worth $269,000 after buying an additional 115 shares in the last quarter. Huntington National Bank boosted its stake in Expeditors International of Washington by 7.4% during the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company's stock valued at $241,000 after buying an additional 127 shares during the period. Finally, Nicollet Investment Management Inc. grew its position in Expeditors International of Washington by 1.2% during the third quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company's stock worth $1,423,000 after buying an additional 128 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus dropped their price target 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. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday. Bank of America decreased their price target on shares of 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. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Finally, Barclays increased their target price on 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 equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and an average target price of $117.44.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $4.59 during mid-day trading on Tuesday, hitting $118.24. The company's stock had a trading volume of 2,235,280 shares, compared to its average volume of 1,054,819. The business has a 50 day moving average price of $112.72 and a 200-day moving average price of $118.45. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Company 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.