Portfolio Design Labs LLC Has $2.46 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Portfolio Design Labs LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,236 shares of the transportation company's stock after buying an additional 6,939 shares during the quarter. Portfolio Design Labs LLC's holdings in Expeditors International of Washington were worth $2,463,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EXPD. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $57,000. Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock worth $62,000 after buying an additional 300 shares during the last quarter. Finally, Asset Dedication LLC grew its holdings in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock valued at $72,000 after purchasing an additional 503 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com raised Expeditors International of Washington from a "hold" rating to a "buy" rating in a research report on Saturday, February 8th. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. 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 report on Thursday, January 23rd. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Finally, 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 for the company in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average target price of $117.44.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Trading Up 1.0 %

Shares of NASDAQ:EXPD traded up $1.08 during mid-day trading on Friday, reaching $113.82. The stock had a trading volume of 1,635,059 shares, compared to its average volume of 990,634. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The firm has a market cap of $15.93 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The firm has a 50 day simple moving average of $112.91 and a two-hundred day simple moving average of $118.62.

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.