Envestnet Asset Management Inc. Acquires 30,484 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Envestnet Asset Management Inc. grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,386 shares of the transportation company's stock after buying an additional 30,484 shares during the period. Envestnet Asset Management Inc. owned approximately 0.62% of Expeditors International of Washington worth $95,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC boosted its stake in shares of Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC boosted its position in Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after buying an additional 112 shares during the period. OLD National Bancorp IN grew its stake in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after buying an additional 113 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Expeditors International of Washington by 17.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock worth $86,000 after buying an additional 114 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Expeditors International of Washington by 1.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company's stock valued at $824,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 2.0 %

EXPD traded up $2.18 during midday trading on Monday, reaching $112.33. The company's stock had a trading volume of 183,101 shares, compared to its average volume of 1,276,750. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock's 50-day moving average is $115.31 and its 200-day moving average is $116.75. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 5.00 and a beta of 1.03.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. UBS Group cut their price target 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. 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. Finally, Susquehanna raised their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $115.90.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's 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 transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by company insiders.

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.