Westpac Banking Corp Has $3.96 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Westpac Banking Corp grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,767 shares of the transportation company's stock after purchasing an additional 4,672 shares during the period. Westpac Banking Corp's holdings in Expeditors International of Washington were worth $3,962,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC lifted its position in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after buying an additional 987,233 shares in the last quarter. Norges Bank bought a new stake in Expeditors International of Washington during the fourth quarter worth about $107,863,000. Boston Partners raised its holdings in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after acquiring an additional 869,637 shares in the last quarter. Madison Investment Advisors LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at approximately $55,036,000. Finally, Two Sigma Advisers LP grew its stake 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 valued at $56,042,000 after purchasing an additional 399,800 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXPD. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. UBS Group cut their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus lowered their price objective 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. Finally, Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $115.90.

Expeditors International of Washington Stock Up 1.2 %

Shares of EXPD stock traded up $1.28 on Tuesday, reaching $106.94. The company had a trading volume of 366,056 shares, compared to its average volume of 1,261,125. The business's 50-day moving average is $116.03 and its 200 day moving average is $117.49. Expeditors International of Washington, Inc. has a one year low of $103.68 and a one year high of $131.59. The stock has a market capitalization of $14.73 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.

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.