Vest Financial LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 497,786 shares of the transportation company's stock after acquiring an additional 86,066 shares during the period. Vest Financial LLC owned about 0.36% of Expeditors International of Washington worth $55,140,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Expeditors International of Washington during the 3rd quarter worth $4,363,000. Franklin Resources Inc. lifted its position 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 valued at $23,623,000 after acquiring an additional 30,785 shares during the last quarter. Pensionfund Sabic acquired a new position in Expeditors International of Washington in the fourth quarter valued at $1,329,000. Finally, Drystone LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $5,925,000. Hedge funds and other institutional investors own 94.02% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a 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 on the stock in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of 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. Barclays lifted 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 report on Wednesday, November 6th. Finally, StockNews.com raised Expeditors International of Washington from a "hold" rating to a "buy" rating in a research note on Saturday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and an average target price of $117.44.
Read Our Latest Research Report on Expeditors International of Washington
Insider Transactions at Expeditors International of Washington
In other news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction 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 of the company's stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.69% of the company's stock.
Expeditors International of Washington Price Performance
EXPD stock traded down $1.38 during midday trading on Wednesday, hitting $111.01. The stock had a trading volume of 1,095,805 shares, compared to its average volume of 1,002,668. The company's 50-day moving average price is $113.18 and its 200 day moving average price is $118.78. The firm has a market cap of $15.54 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.
About Expeditors International of Washington
(
Free Report)
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.
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