Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,259,224 shares of the transportation company's stock after acquiring an additional 98,197 shares during the period. Principal Financial Group Inc. owned approximately 0.90% of Expeditors International of Washington worth $139,484,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EXPD. Charles Schwab Investment Management Inc. grew its position in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock worth $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock worth $23,623,000 after buying an additional 30,785 shares during the period. Point72 Asset Management L.P. bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $4,363,000. Pensionfund Sabic acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $1,329,000. Finally, Drystone LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $5,925,000. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXPD has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday. Barclays increased their target price 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. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday. Finally, Bank of America reduced 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 research note on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and a consensus price target of $116.56.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $0.82 during mid-day trading on Friday, hitting $116.44. The company's stock had a trading volume of 2,811,278 shares, compared to its average volume of 1,120,276. The firm has a 50-day moving average price of $112.58 and a 200 day moving average price of $118.43. 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 market capitalization of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was 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. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

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.