Sovran Advisors LLC Takes $555,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sovran Advisors LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,991 shares of the transportation company’s stock, valued at approximately $555,000.

Other hedge funds have also added to or reduced their stakes in the company. Two Sigma Advisers LP grew its position in shares of Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after acquiring an additional 399,800 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after acquiring an additional 308,390 shares in the last quarter. KBC Group NV increased its holdings in Expeditors International of Washington by 836.7% in the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock worth $37,629,000 after acquiring an additional 303,438 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after purchasing an additional 257,791 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Barclays boosted 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. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Bank of America cut their price target on 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. Finally, Stifel Nicolaus lowered their target price 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $117.44.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following 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 legal filing with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Down 1.2 %

EXPD stock opened at $111.01 on Thursday. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The firm’s fifty day simple moving average is $113.18 and its two-hundred day simple moving average is $118.78. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 3.77 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.