HighTower Advisors LLC Acquires 5,178 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

HighTower Advisors LLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,466 shares of the transportation company’s stock after acquiring an additional 5,178 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of Expeditors International of Washington worth $8,581,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC grew its position in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its position in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after purchasing an additional 112 shares in the last quarter. OLD National Bancorp IN grew its position in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. Lindenwold Advisors INC grew its position in shares of Expeditors International of Washington by 0.7% during the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after purchasing an additional 114 shares in the last quarter. Finally, Guardian Wealth Advisors LLC grew its position in shares of Expeditors International of Washington by 5.9% during the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $117.01 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The business has a 50 day simple moving average of $114.57 and a two-hundred day simple moving average of $118.13. The firm has a market capitalization of $16.15 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research analyst reports. Bank of America cut their price objective on 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. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. UBS Group dropped their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Susquehanna lifted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Finally, Stifel Nicolaus dropped 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. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $115.90.

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.