Raymond James Financial Inc. Purchases New Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Raymond James Financial Inc. bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 332,809 shares of the transportation company’s stock, valued at approximately $36,865,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC raised its stake in Expeditors International of Washington by 32.0% in 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. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $107,863,000. Boston Partners lifted its stake in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after buying an additional 869,637 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth about $55,036,000. Finally, KBC Group NV grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Bank of America lowered their price objective on 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. Stifel Nicolaus cut their target price on 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. JPMorgan Chase & Co. dropped their price objective on shares of 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. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $110.03 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The firm’s 50 day moving average price is $115.30 and its 200-day moving average price is $116.58. The firm has a market cap of $15.16 billion, a P/E ratio of 19.24, a P/E/G ratio of 5.00 and a beta of 1.03.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.