Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 398,600 shares of the transportation company's stock after selling 20,700 shares during the quarter. Swiss National Bank owned 0.28% of Expeditors International of Washington worth $44,153,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd. increased its position in shares of Expeditors International of Washington by 11.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 445,457 shares of the transportation company's stock valued at $49,343,000 after purchasing an additional 45,696 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Expeditors International of Washington by 1.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company's stock worth $824,000 after acquiring an additional 125 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Expeditors International of Washington by 10.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,031 shares of the transportation company's stock worth $336,000 after acquiring an additional 287 shares during the last quarter. HighTower Advisors LLC grew its position in Expeditors International of Washington by 7.2% during the 4th quarter. HighTower Advisors LLC now owns 77,466 shares of the transportation company's stock worth $8,581,000 after acquiring an additional 5,178 shares during the last quarter. Finally, AGF Management Ltd. bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $2,358,000. 94.02% of the stock is currently owned by institutional investors.

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Expeditors International of Washington Stock Down 0.6 %

Shares of Expeditors International of Washington stock traded down $0.74 during trading on Thursday, reaching $115.66. The company's stock had a trading volume of 1,296,747 shares, compared to its average volume of 1,167,692. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a 50-day simple moving average of $114.76 and a two-hundred day simple moving average of $118.07.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price target 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. Bank of America dropped their price objective on 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. Susquehanna increased their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and an average target price of $115.90.

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.