Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,259,224 shares of the transportation company’s stock after purchasing an additional 98,197 shares during the period. Principal Financial Group Inc.’s holdings in Expeditors International of Washington were worth $139,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its holdings in Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares during the period. OLD National Bancorp IN boosted its holdings in Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 113 shares during the period. Lindenwold Advisors INC boosted its holdings in 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 acquiring an additional 114 shares during the period. Guardian Wealth Advisors LLC boosted 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 acquiring an additional 115 shares during the period. Finally, Huntington National Bank boosted its holdings in Expeditors International of Washington by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 127 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EXPD shares. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Stifel Nicolaus decreased their price objective 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. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.44.

Insiders Place Their Bets

In other Expeditors International of Washington 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 transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $118.24 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm has a market capitalization of $16.55 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The stock’s 50-day simple moving average is $112.72 and its 200-day simple moving average is $118.45.

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.