Sequoia Financial Advisors LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,031 shares of the transportation company’s stock after acquiring an additional 287 shares during the period. Sequoia Financial Advisors LLC’s holdings in Expeditors International of Washington were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its stake in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $57,000. Asset Dedication LLC raised its stake in shares of Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after buying an additional 503 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Expeditors International of Washington by 11.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company’s stock valued at $147,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on EXPD. Stifel Nicolaus reduced 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. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America decreased their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price 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 investment 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 currently has an average rating of “Hold” and an average price target of $115.90.
View Our Latest Stock Report on Expeditors International of Washington
Insider Activity
In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.69% of the company’s stock.
Expeditors International of Washington Trading Down 0.7 %
EXPD stock opened at $116.40 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The business’s 50-day moving average is $114.76 and its 200 day moving average is $118.07. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 5.00 and a beta of 1.00.
Expeditors International of Washington Company Profile
(Free Report)
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.
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