Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.6% during the fourth quarter, Holdings Channel reports. The fund owned 7,238 shares of the transportation company’s stock after acquiring an additional 979 shares during the quarter. Sound Financial Strategies Group LLC’s holdings in Expeditors International of Washington were worth $802,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EXPD. Private Advisor Group LLC purchased a new position in Expeditors International of Washington during the third quarter worth approximately $293,000. Farther Finance Advisors LLC raised its stake in shares of Expeditors International of Washington by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 176 shares during the period. Van ECK Associates Corp raised its stake in shares of Expeditors International of Washington by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 33,192 shares of the transportation company’s stock valued at $3,966,000 after acquiring an additional 3,092 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Expeditors International of Washington by 33.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 262,818 shares of the transportation company’s stock valued at $34,534,000 after acquiring an additional 65,186 shares during the period. Finally, National Pension Service raised its stake in shares of Expeditors International of Washington by 8.6% in the 3rd quarter. National Pension Service now owns 240,057 shares of the transportation company’s stock valued at $31,543,000 after acquiring an additional 19,065 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXPD shares. 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. UBS Group cut their target price on shares of 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. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Bank of America dropped their price target on shares of 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. Finally, 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. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $116.56.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated 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 in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $118.27 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The company has a 50-day simple moving average of $113.12 and a 200-day simple moving average of $118.33. The firm has a market capitalization of $16.32 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98.

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.