Rhumbline Advisers Lowers Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Rhumbline Advisers trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 294,290 shares of the transportation company's stock after selling 6,582 shares during the period. Rhumbline Advisers owned approximately 0.21% of Expeditors International of Washington worth $32,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Banque Pictet & Cie SA increased its position in shares of Expeditors International of Washington by 9.7% during the fourth quarter. Banque Pictet & Cie SA now owns 72,336 shares of the transportation company's stock valued at $8,013,000 after acquiring an additional 6,390 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after purchasing an additional 20,658 shares during the period. Marks Group Wealth Management Inc increased its holdings in Expeditors International of Washington by 2.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 38,612 shares of the transportation company's stock valued at $4,277,000 after purchasing an additional 1,016 shares during the last quarter. Portfolio Design Labs LLC raised its position in Expeditors International of Washington by 45.4% in the fourth quarter. Portfolio Design Labs LLC now owns 22,236 shares of the transportation company's stock valued at $2,463,000 after purchasing an additional 6,939 shares during the period. Finally, Sovran Advisors LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth $555,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade 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 at this hyperlink. Corporate insiders own 0.69% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday. UBS Group dropped their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research report on Wednesday. Stifel Nicolaus reduced their price target on shares of 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. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday. Finally, Barclays upped their target price 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. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $116.56.

Expeditors International of Washington Stock Down 0.7 %

NASDAQ EXPD traded down $0.82 on Friday, hitting $116.44. 2,811,278 shares of the stock were exchanged, compared to its average volume of 1,120,276. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a 50-day moving average price of $112.58 and a 200-day moving average price of $118.43. The company has a market cap of $16.30 billion, a PE ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98.

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.