Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Raised by First Trust Advisors LP

First Trust Advisors LP raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,734,816 shares of the transportation company’s stock after acquiring an additional 690,539 shares during the quarter. First Trust Advisors LP owned 1.95% of Expeditors International of Washington worth $302,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EXPD. Forum Financial Management LP boosted its holdings in shares of Expeditors International of Washington by 48.3% in the fourth quarter. Forum Financial Management LP now owns 2,419 shares of the transportation company’s stock worth $268,000 after buying an additional 788 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Expeditors International of Washington by 36.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 373,726 shares of the transportation company’s stock worth $41,361,000 after buying an additional 99,608 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 47,718 shares of the transportation company’s stock valued at $5,286,000 after purchasing an additional 2,002 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Expeditors International of Washington by 2.7% during the fourth quarter. NewEdge Advisors LLC now owns 8,236 shares of the transportation company’s stock valued at $912,000 after buying an additional 214 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Expeditors International of Washington in the 4th quarter worth approximately $654,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD opened at $106.67 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The company has a fifty day moving average price of $114.98 and a two-hundred day moving average price of $116.19. The firm has a market capitalization of $14.69 billion, a PE ratio of 18.65, a P/E/G ratio of 5.00 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EXPD shares. JPMorgan Chase & Co. cut their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Susquehanna boosted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Stifel Nicolaus dropped 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. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

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.