Vontobel Holding Ltd. Has $340,000 Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vontobel Holding Ltd. cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 71.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,073 shares of the transportation company's stock after selling 7,865 shares during the period. Vontobel Holding Ltd.'s holdings in Expeditors International of Washington were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Franklin Resources Inc. lifted its position in Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after purchasing an additional 30,785 shares during the period. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington in the third quarter valued at $4,363,000. Pensionfund Sabic acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $1,329,000. Finally, Drystone LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $5,925,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.7 %

NASDAQ:EXPD traded down $0.82 during mid-day trading on Friday, hitting $116.44. The stock had a trading volume of 2,811,278 shares, compared to its average volume of 1,120,276. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 5.07 and a beta of 0.98. The company has a 50 day simple moving average of $112.58 and a 200-day simple moving average of $118.43. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the business'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 transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EXPD shares. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. UBS Group decreased their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut 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. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $116.56.

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.