HighTower Advisors LLC Buys 5,178 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

HighTower Advisors LLC increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 77,466 shares of the transportation company's stock after purchasing an additional 5,178 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of Expeditors International of Washington worth $8,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. KBC Group NV lifted its holdings in Expeditors International of Washington by 3.5% in the 3rd quarter. KBC Group NV now owns 36,267 shares of the transportation company's stock worth $4,765,000 after purchasing an additional 1,225 shares during the last quarter. Huntington National Bank increased its position in Expeditors International of Washington by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company's stock worth $241,000 after buying an additional 127 shares during the period. OneDigital Investment Advisors LLC increased its position in Expeditors International of Washington by 18.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,005 shares of the transportation company's stock worth $1,183,000 after buying an additional 1,371 shares during the period. CIBC Asset Management Inc increased its position in Expeditors International of Washington by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 20,643 shares of the transportation company's stock worth $2,712,000 after buying an additional 1,532 shares during the period. Finally, Atlanta Consulting Group Advisors LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $346,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Expeditors International of Washington

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

Expeditors International of Washington Stock Up 0.5 %

NASDAQ:EXPD traded up $0.52 during mid-day trading on Friday, reaching $116.19. 3,645,405 shares of the company were exchanged, compared to its average volume of 1,178,488. The stock has a market cap of $16.04 billion, a PE ratio of 20.31, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a fifty day moving average of $114.82 and a 200 day moving average of $118.05.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXPD shares. Truist Financial started coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a "hold" rating and a $110.00 price objective on the stock. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Finally, UBS Group lowered their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently 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.