Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 108.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,307 shares of the transportation company's stock after purchasing an additional 15,215 shares during the period. Empowered Funds LLC's holdings in Expeditors International of Washington were worth $3,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXPD. CWM LLC lifted its stake in shares of Expeditors International of Washington by 9.3% in the third quarter. CWM LLC now owns 10,759 shares of the transportation company's stock valued at $1,414,000 after purchasing an additional 913 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock worth $62,000 after acquiring an additional 300 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Expeditors International of Washington by 114.3% during the third quarter. Exchange Traded Concepts LLC now owns 3,667 shares of the transportation company's stock worth $482,000 after acquiring an additional 1,956 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in Expeditors International of Washington during the third quarter worth about $220,000. Finally, Swedbank AB raised its position in Expeditors International of Washington by 1.1% during the third quarter. Swedbank AB now owns 21,910 shares of the transportation company's stock worth $2,879,000 after acquiring an additional 231 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $1.08 during trading on Friday, reaching $113.82. The company had a trading volume of 1,635,059 shares, compared to its average volume of 990,634. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The stock's 50 day moving average price is $112.91 and its two-hundred day moving average price is $118.57. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 3.77 and a beta of 0.98.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business'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 transaction of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXPD shares. Stifel Nicolaus cut 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 report on Thursday, January 23rd. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Bank of America lowered their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, TD Cowen lifted their price target 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. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.44.

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.