Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Reduced by Swiss National Bank

Swiss National Bank lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 398,600 shares of the transportation company’s stock after selling 20,700 shares during the period. Swiss National Bank owned about 0.28% of Expeditors International of Washington worth $44,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV grew its stake in Expeditors International of Washington by 3.5% during the 3rd quarter. KBC Group NV now owns 36,267 shares of the transportation company’s stock valued at $4,765,000 after acquiring an additional 1,225 shares in the last quarter. Huntington National Bank grew its stake in shares of Expeditors International of Washington by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock valued at $241,000 after buying an additional 127 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Expeditors International of Washington by 18.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,005 shares of the transportation company’s stock valued at $1,183,000 after buying an additional 1,371 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Expeditors International of Washington by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 20,643 shares of the transportation company’s stock valued at $2,712,000 after buying an additional 1,532 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $346,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 1.0 %

Shares of EXPD stock opened at $115.29 on Monday. 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 $15.91 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The stock has a 50 day moving average of $114.45 and a 200-day moving average of $118.16.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent research reports. Bank of America lowered their price target 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. UBS Group lowered their price target on 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. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $115.90.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company’s stock.

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.