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

Raymond James Financial Inc. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 SEC filing.

Several other institutional investors also recently bought and sold shares of EXPD. Venturi Wealth Management LLC increased its holdings in Expeditors International of Washington by 25.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,586 shares of the transportation company's stock worth $340,000 after purchasing an additional 519 shares during the period. Aigen Investment Management LP bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth $304,000. Victory Capital Management Inc. raised its position in shares of Expeditors International of Washington by 1.7% in the 3rd quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company's stock worth $41,619,000 after acquiring an additional 5,438 shares in the last quarter. MQS Management LLC bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth $231,000. Finally, Parametrica Management Ltd bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth $302,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Susquehanna upped their target price 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. Stifel Nicolaus reduced their target price 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 reduced their target price 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. Finally, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $115.90.

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Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Down 1.0 %

Shares of EXPD traded down $1.20 during mid-day trading on Friday, reaching $115.29. The company had a trading volume of 1,835,248 shares, compared to its average volume of 1,359,185. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The stock has a market capitalization of $15.91 billion, a P/E ratio of 20.16, a PEG ratio of 5.00 and a beta of 1.00. The stock has a 50 day moving average of $114.45 and a two-hundred day moving average of $118.19.

Expeditors International of Washington Company 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.