Banque Pictet & Cie SA Increases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Banque Pictet & Cie SA lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,336 shares of the transportation company’s stock after buying an additional 6,390 shares during the quarter. Banque Pictet & Cie SA’s holdings in Expeditors International of Washington were worth $8,013,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXPD. Hara Capital LLC purchased a new stake in Expeditors International of Washington in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $59,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after buying an additional 300 shares during the last quarter. Finally, Asset Dedication LLC increased its position in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after buying an additional 503 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Bank of America dropped their price objective on shares of 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. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price target 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. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $112.74 on Friday. The company’s fifty day moving average is $113.02 and its two-hundred day moving average is $118.73. The firm has a market capitalization of $15.78 billion, a P/E ratio of 21.98, a PEG ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

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.