Allianz Asset Management GmbH Purchases 66,601 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allianz Asset Management GmbH raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 296,545 shares of the transportation company’s stock after purchasing an additional 66,601 shares during the quarter. Allianz Asset Management GmbH’s holdings in Expeditors International of Washington were worth $32,848,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Expeditors International of Washington by 12.0% during the third 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 last quarter. Marshfield Associates raised its position in shares of Expeditors International of Washington by 0.4% during the 3rd 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. lifted its holdings in shares of Expeditors International of Washington by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after acquiring an additional 98,197 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Expeditors International of Washington by 6.6% in the third 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. Finally, DekaBank Deutsche Girozentrale increased its stake in Expeditors International of Washington by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock worth $101,756,000 after acquiring an additional 9,007 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington 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 completion of the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of several analyst reports. Bank of America lowered their price objective 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. Barclays raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus dropped their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Price Performance

EXPD stock opened at $116.44 on Monday. The company has a market capitalization of $16.30 billion, a PE ratio of 20.36, a P/E/G ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The firm’s 50-day moving average is $112.54 and its 200 day moving average is $118.42.

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.