5,448 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,448 shares of the transportation company’s stock, valued at approximately $603,000.

A number of other hedge funds also recently made changes to their positions in EXPD. OLD National Bancorp IN increased its stake in 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 worth $247,000 after acquiring an additional 113 shares during the last quarter. Lindenwold Advisors INC raised its stake in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after acquiring an additional 114 shares during the period. Guardian Wealth Advisors LLC increased its holdings in Expeditors International of Washington by 5.9% in the 3rd 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. Huntington National Bank raised its position in Expeditors International of Washington by 7.4% in the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock valued at $241,000 after purchasing an additional 127 shares during the period. Finally, Nicollet Investment Management Inc. boosted its position in shares of Expeditors International of Washington by 1.2% in the third quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company’s stock worth $1,423,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Barclays upped their target price on shares of 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 shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Saturday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $110.54 on Friday. The firm has a market capitalization of $15.47 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The company has a 50-day simple moving average of $113.73 and a 200-day simple moving average of $119.04.

Insiders Place Their Bets

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

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.