Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 92,391 shares of the transportation company’s stock after selling 11,411 shares during the period. Cambiar Investors LLC’s holdings in Expeditors International of Washington were worth $10,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in 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 acquiring an additional 51,265 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $4,363,000. Franklin Resources Inc. increased its holdings in Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Pensionfund Sabic purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $1,329,000. Finally, Drystone LLC purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $5,925,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $112.50 on Tuesday. 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 capitalization of $15.75 billion, a P/E ratio of 21.93, a P/E/G ratio of 3.77 and a beta of 0.98. The business has a 50 day simple moving average of $113.55 and a 200 day simple moving average of $118.91.

Insider Activity 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 stock was 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 owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America dropped their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. TD Cowen boosted their price target 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. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Stifel Nicolaus lowered their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.44.

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.