Tandem Investment Advisors Inc. Has $40.90 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tandem Investment Advisors Inc. grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 369,229 shares of the transportation company's stock after buying an additional 7,516 shares during the quarter. Expeditors International of Washington makes up about 1.5% of Tandem Investment Advisors Inc.'s investment portfolio, making the stock its 29th largest holding. Tandem Investment Advisors Inc. owned approximately 0.26% of Expeditors International of Washington worth $40,900,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EXPD. Manchester Capital Management LLC boosted its stake in Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its position in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after purchasing an additional 112 shares in the last quarter. OLD National Bancorp IN increased its position in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after purchasing an additional 113 shares during the last quarter. Lindenwold Advisors INC increased its position in shares of Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock valued at $2,196,000 after purchasing an additional 114 shares during the last quarter. Finally, Guardian Wealth Advisors LLC grew its holdings in Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company's stock valued at $269,000 after purchasing an additional 115 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value 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 approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $2.59 on Tuesday, hitting $119.14. The company's stock had a trading volume of 736,927 shares, compared to its average volume of 1,129,308. The stock has a 50 day moving average of $112.52 and a 200-day moving average of $118.40. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EXPD shares. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. 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 research note on Wednesday, November 6th. Stifel Nicolaus reduced their target price 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. UBS Group dropped their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Benchmark restated 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 eight have given a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus price target of $116.56.

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.