Lakeside Advisors INC. reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,402 shares of the transportation company’s stock after selling 1,140 shares during the period. Expeditors International of Washington accounts for approximately 2.4% of Lakeside Advisors INC.’s portfolio, making the stock its 10th biggest holding. Lakeside Advisors INC.’s holdings in Expeditors International of Washington were worth $3,589,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Expeditors International of Washington by 6.6% during 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. grew its holdings 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 last quarter. Point72 Asset Management L.P. bought a new position in shares of Expeditors International of Washington in the third quarter valued at approximately $4,363,000. Pensionfund Sabic acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $1,329,000. Finally, Drystone LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $5,925,000. Institutional investors and hedge funds own 94.02% of the company’s stock.
Insiders Place Their Bets
In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.69% of the company’s stock.
Expeditors International of Washington Trading Up 0.8 %
Analyst Ratings Changes
EXPD has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday. UBS Group dropped their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stifel Nicolaus decreased 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. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.56.
Read Our Latest Report on EXPD
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.
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