World Investment Advisors Raises Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

World Investment Advisors raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 44.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,442 shares of the transportation company’s stock after buying an additional 754 shares during the quarter. World Investment Advisors’ holdings in Expeditors International of Washington were worth $271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after acquiring an additional 30,785 shares in the last quarter. Pensionfund Sabic purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at $1,329,000. Drystone LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $5,925,000. Allworth Financial LP boosted its stake in Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after buying an additional 1,216 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in Expeditors International of Washington by 37.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock worth $8,459,000 after buying an additional 20,658 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $102.55 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $101.69 and a one year high of $131.59. The business’s 50 day simple moving average is $115.56 and its two-hundred day simple moving average is $117.24. The stock has a market capitalization of $14.13 billion, a P/E ratio of 17.93, a price-to-earnings-growth 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 company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stifel Nicolaus dropped their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Susquehanna boosted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Bank of America lowered 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 report on Thursday, January 16th. UBS Group reduced their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $115.90.

About Expeditors International of Washington

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.