Cambiar Investors LLC Has $10.23 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cambiar Investors LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,391 shares of the transportation company's stock after selling 11,411 shares during the quarter. Cambiar Investors LLC owned 0.07% of Expeditors International of Washington worth $10,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. OLD National Bancorp IN boosted its stake in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after acquiring an additional 113 shares during the last quarter. Lindenwold Advisors INC boosted its stake in 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 valued at $2,196,000 after acquiring an additional 114 shares during the last quarter. Guardian Wealth Advisors LLC boosted its stake in 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 valued at $269,000 after acquiring an additional 115 shares during the last quarter. Huntington National Bank boosted its stake in Expeditors International of Washington by 7.4% in the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company's stock valued at $241,000 after acquiring an additional 127 shares during the last quarter. Finally, Nicollet Investment Management Inc. boosted its stake in Expeditors International of Washington by 1.2% in the third quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company's stock valued at $1,423,000 after acquiring an additional 128 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm'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 sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Up 1.0 %

Shares of NASDAQ:EXPD traded up $1.08 during midday trading on Friday, reaching $113.82. 1,635,059 shares of the company were exchanged, compared to its average volume of 1,015,472. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a fifty day simple moving average of $112.91 and a two-hundred day simple moving average of $118.66. The firm has a market cap of $15.93 billion, a PE ratio of 22.19, a P/E/G ratio of 3.77 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. StockNews.com raised shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a research note on Saturday, February 8th. Bank of America reduced their price objective 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. Barclays raised their price objective on shares of 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. 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 research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $117.44.

About Expeditors International of Washington

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.