Pictet Asset Management Holding SA Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Pictet Asset Management Holding SA grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,847 shares of the transportation company's stock after buying an additional 10,714 shares during the period. Pictet Asset Management Holding SA owned 0.15% of Expeditors International of Washington worth $23,577,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock worth $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Expeditors International of Washington during the 3rd quarter worth $4,363,000. Pensionfund Sabic acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $1,329,000. Drystone LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at about $5,925,000. Finally, Allworth Financial LP boosted its holdings in Expeditors International of Washington by 22.9% in the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after acquiring an additional 1,216 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 1.5 %

EXPD traded down $1.66 on Friday, reaching $109.00. The stock had a trading volume of 2,114,555 shares, compared to its average volume of 1,260,889. The business's 50-day moving average price is $116.22 and its two-hundred day moving average price is $117.67. The company has a market cap of $15.02 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 12-month low of $107.17 and a 12-month high of $131.59.

Analyst Ratings Changes

EXPD has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Susquehanna lifted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, Truist Financial started coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 price objective on the stock. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $115.90.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is 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.