4,991 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Sovran Advisors LLC

Sovran Advisors LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,991 shares of the transportation company's stock, valued at approximately $555,000.

A number of other large investors have also made changes to their positions in the company. Two Sigma Advisers LP increased its position in Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after buying an additional 399,800 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after acquiring an additional 308,390 shares during the period. KBC Group NV lifted its holdings in Expeditors International of Washington by 836.7% during the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock valued at $37,629,000 after purchasing an additional 303,438 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Expeditors International of Washington by 15,046.0% during the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock valued at $35,067,000 after purchasing an additional 265,111 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after purchasing an additional 257,791 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EXPD shares. Stifel Nicolaus cut 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 note on Thursday, January 23rd. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Bank of America reduced their price objective on shares of 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, Barclays lifted their price objective 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. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and an average price target of $117.44.

Expeditors International of Washington Stock Performance

EXPD stock traded up $1.08 during trading on Friday, hitting $113.82. 1,635,059 shares of the company's stock traded hands, compared to its average volume of 990,634. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The business has a fifty day simple moving average of $112.91 and a 200 day simple moving average of $118.57. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 3.77 and a beta of 0.98.

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.