Ieq Capital LLC Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Ieq Capital LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.0% in the 4th quarter, Holdings Channel reports. The fund owned 14,056 shares of the transportation company’s stock after acquiring an additional 1,045 shares during the quarter. Ieq Capital LLC’s holdings in Expeditors International of Washington were worth $1,557,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Chapman Investment Management LLC increased its stake in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after acquiring an additional 112 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $39,000. Kentucky Retirement Systems Insurance Trust Fund increased its position in Expeditors International of Washington by 74.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,280 shares of the transportation company’s stock worth $806,000 after purchasing an additional 3,102 shares during the last quarter. CIBC Asset Management Inc raised its stake in Expeditors International of Washington by 4.0% during the fourth quarter. CIBC Asset Management Inc now owns 21,466 shares of the transportation company’s stock worth $2,378,000 after purchasing an additional 823 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in Expeditors International of Washington by 2.8% in the 4th quarter. Sanctuary Advisors LLC now owns 33,567 shares of the transportation company’s stock valued at $3,818,000 after purchasing an additional 910 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of recent analyst reports. Bank of America cut their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. 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. Stifel Nicolaus cut their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $116.57 on Tuesday. The firm has a market capitalization of $16.32 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The firm’s 50-day moving average is $112.52 and its two-hundred day moving average is $118.40.

Expeditors International of Washington 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.