Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Amundi

Amundi boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,457,549 shares of the transportation company’s stock after buying an additional 8,101 shares during the period. Amundi’s holdings in Expeditors International of Washington were worth $163,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Expeditors International of Washington by 12.0% in 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 valued at $315,485,000 after purchasing an additional 257,791 shares during the period. Marshfield Associates increased its holdings in 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 buying an additional 6,878 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Expeditors International of Washington by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock worth $139,484,000 after acquiring an additional 98,197 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Expeditors International of Washington by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock worth $108,997,000 after acquiring an additional 53,738 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Expeditors International of Washington by 8.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 904,737 shares of the transportation company’s stock valued at $100,218,000 after purchasing an additional 71,127 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus reduced 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 report on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Bank of America lowered 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. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $116.56.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were 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 owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $126.64 on Monday. The business has a 50-day simple moving average of $113.76 and a 200-day simple moving average of $118.34. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The company has a market cap of $17.48 billion, a PE ratio of 22.14, a P/E/G ratio of 5.00 and a beta of 1.00.

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.