Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Lifted by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,612 shares of the transportation company’s stock after purchasing an additional 1,016 shares during the period. Marks Group Wealth Management Inc’s holdings in Expeditors International of Washington were worth $4,277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Portfolio Design Labs LLC grew its holdings in shares of Expeditors International of Washington by 45.4% during the 4th quarter. Portfolio Design Labs LLC now owns 22,236 shares of the transportation company’s stock valued at $2,463,000 after acquiring an additional 6,939 shares in the last quarter. Sovran Advisors LLC bought a new position in Expeditors International of Washington in the fourth quarter worth $555,000. Stoneridge Investment Partners LLC acquired a new position in Expeditors International of Washington in the fourth quarter worth about $603,000. Empowered Funds LLC grew its position in Expeditors International of Washington by 108.0% in the fourth quarter. Empowered Funds LLC now owns 29,307 shares of the transportation company’s stock valued at $3,246,000 after acquiring an additional 15,215 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in Expeditors International of Washington by 13.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 19,720 shares of the transportation company’s stock valued at $2,184,000 after buying an additional 2,378 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXPD has been the topic of several research reports. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus decreased their price objective 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. Bank of America lowered their price target on 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. Finally, TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $112.38 on Wednesday. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.77 and a beta of 0.98. The business’s fifty day moving average is $113.38 and its 200-day moving average is $118.83. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company 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.