Raymond James Financial Inc. Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Raymond James Financial Inc. bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 332,809 shares of the transportation company's stock, valued at approximately $36,865,000. Raymond James Financial Inc. owned 0.24% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. MML Investors Services LLC lifted its holdings in Expeditors International of Washington by 2.7% in the third quarter. MML Investors Services LLC now owns 9,488 shares of the transportation company's stock worth $1,247,000 after acquiring an additional 253 shares during the last quarter. Barclays PLC boosted its position in Expeditors International of Washington by 2.4% during the 3rd quarter. Barclays PLC now owns 571,548 shares of the transportation company's stock valued at $75,099,000 after purchasing an additional 13,479 shares during the period. SkyView Investment Advisors LLC grew its stake in Expeditors International of Washington by 5.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,421 shares of the transportation company's stock worth $712,000 after buying an additional 277 shares during the last quarter. Sanctuary Advisors LLC increased its position in Expeditors International of Washington by 3.9% in the third quarter. Sanctuary Advisors LLC now owns 32,657 shares of the transportation company's stock worth $3,962,000 after buying an additional 1,235 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of Expeditors International of Washington during the third quarter valued at $222,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD traded down $2.12 during trading on Monday, reaching $104.58. The company had a trading volume of 50,436 shares, compared to its average volume of 1,269,866. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 5.00 and a beta of 1.03. The firm's 50-day simple moving average is $114.98 and its 200 day simple moving average is $116.08.

Insider Transactions at Expeditors International of Washington

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

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective 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, February 19th. Bank of America decreased their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. UBS Group decreased their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Susquehanna lifted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have issued 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.

Expeditors International of Washington Profile

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.