Concurrent Investment Advisors LLC Acquires 148 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Concurrent Investment Advisors LLC raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,951 shares of the transportation company’s stock after buying an additional 148 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after acquiring an additional 257,791 shares during the last quarter. Marshfield Associates increased its position in shares of Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after acquiring an additional 6,878 shares during the last quarter. Principal Financial Group Inc. boosted its position in Expeditors International of Washington by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after purchasing an additional 98,197 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Expeditors International of Washington by 2.4% during the 3rd quarter. Barclays PLC now owns 571,548 shares of the transportation company’s stock worth $75,099,000 after purchasing an additional 13,479 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Expeditors International of Washington Stock Up 1.6 %

EXPD stock opened at $118.41 on Wednesday. The company’s 50-day moving average price is $112.57 and its two-hundred day moving average price is $118.39. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The firm has a market cap of $16.57 billion, a P/E ratio of 20.70, a P/E/G ratio of 5.00 and a beta of 0.98.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America dropped their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus dropped 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 note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, TD Cowen raised their target price on shares of 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. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington 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.