Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 33,567 shares of the transportation company’s stock after purchasing an additional 910 shares during the quarter. Sanctuary Advisors LLC’s holdings in Expeditors International of Washington were worth $3,818,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EXPD. Principal Financial Group Inc. lifted its stake in shares of Expeditors International of Washington by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock worth $139,484,000 after buying an additional 98,197 shares in the last quarter. MOKAN Wealth Management Inc. purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $1,088,000. Allworth Financial LP lifted its stake in shares of Expeditors International of Washington by 22.9% in the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after buying an additional 1,216 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Expeditors International of Washington by 3.5% in the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after buying an additional 103 shares in the last quarter. Finally, Banque Pictet & Cie SA lifted its stake in shares of Expeditors International of Washington by 9.7% in the fourth quarter. Banque Pictet & Cie SA now owns 72,336 shares of the transportation company’s stock worth $8,013,000 after buying an additional 6,390 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $116.44 on Friday. The company’s 50 day simple moving average is $112.54 and its 200-day simple moving average is $118.39. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 5.07 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.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Bank of America decreased 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. 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $116.56.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’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 sale, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.

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.