Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Lessened by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,847 shares of the transportation company’s stock after selling 954 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Expeditors International of Washington were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in Expeditors International of Washington by 19.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock valued at $802,000 after acquiring an additional 1,000 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Expeditors International of Washington by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company’s stock worth $490,000 after purchasing an additional 395 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $4,363,000. Quantinno Capital Management LP grew its position in Expeditors International of Washington by 23.7% during the third quarter. Quantinno Capital Management LP now owns 29,879 shares of the transportation company’s stock valued at $3,926,000 after purchasing an additional 5,730 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after buying an additional 399,800 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated 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 directly owns 7,296 shares in the company, valued at $857,571.84. This trade 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 can be accessed through the SEC website. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $109.00 on Friday. The firm has a fifty day moving average of $116.22 and a 200-day moving average of $117.67. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52-week low of $107.17 and a 52-week high of $131.59.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group reduced their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on 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 dropped their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, Susquehanna lifted 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 report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.90.

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.