Marks Group Wealth Management Inc Acquires 1,016 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marks Group Wealth Management Inc increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,612 shares of the transportation company’s stock after purchasing an additional 1,016 shares during the period. Marks Group Wealth Management Inc’s holdings in Expeditors International of Washington were worth $4,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. OLD National Bancorp IN increased its stake in shares of Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after buying an additional 113 shares during the period. Lindenwold Advisors INC raised 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 worth $2,196,000 after purchasing an additional 114 shares during the last quarter. Guardian Wealth Advisors LLC lifted its position in shares of Expeditors International of Washington by 5.9% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after purchasing an additional 115 shares during the period. Huntington National Bank boosted 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 purchasing an additional 127 shares during the last quarter. Finally, Nicollet Investment Management Inc. increased its position in shares of Expeditors International of Washington by 1.2% during the third quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company’s stock worth $1,423,000 after buying an additional 128 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.1 %

Shares of EXPD stock opened at $112.38 on Wednesday. The firm has a fifty day simple moving average of $113.38 and a two-hundred day simple moving average of $118.83. 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 $15.73 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98.

Insider Activity

In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Bank of America dropped their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.44.

About Expeditors International of Washington

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.