Tandem Investment Advisors Inc. Acquires 7,516 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tandem Investment Advisors Inc. lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,229 shares of the transportation company’s stock after acquiring an additional 7,516 shares during the period. Expeditors International of Washington accounts for about 1.5% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 29th biggest holding. Tandem Investment Advisors Inc.’s holdings in Expeditors International of Washington were worth $40,900,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hara Capital LLC purchased a new position in Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $39,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington during the third quarter worth $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth $59,000. Finally, Asset Dedication LLC grew its stake in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EXPD. UBS Group decreased their price target 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday. Stifel Nicolaus reduced their price objective on 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. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $116.56.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on 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 owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $117.22 on Friday. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 4.02 and a beta of 0.98. The stock has a 50 day moving average price of $112.58 and a 200-day moving average price of $118.43. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

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.