Pollock Investment Advisors LLC Invests $406,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Pollock Investment Advisors LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,663 shares of the transportation company’s stock, valued at approximately $406,000.

A number of other hedge funds have also bought and sold shares of EXPD. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in Expeditors International of Washington during the fourth quarter worth about $55,036,000. Two Sigma Advisers LP raised its position in Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after acquiring an additional 399,800 shares during the period. Raymond James Financial Inc. bought a new stake in Expeditors International of Washington in the fourth quarter worth about $36,865,000. Finally, KBC Group NV grew its position in shares of Expeditors International of Washington by 836.7% during the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after acquiring an additional 303,438 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Down 1.0 %

Shares of Expeditors International of Washington stock opened at $115.29 on Friday. 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 company’s fifty day simple moving average is $114.45 and its two-hundred day simple moving average is $118.19. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EXPD shares. UBS Group lowered their price target on shares of 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. Susquehanna increased their target price on shares of 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. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on 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 reduced their target price 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 analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $115.90.

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.