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

Ieq Capital LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Expeditors International of Washington by 12.0% during the 3rd 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 acquiring an additional 257,791 shares during the period. Marshfield Associates raised its stake in shares of Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Principal Financial Group Inc. raised 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 purchasing an additional 98,197 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after buying an additional 51,265 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Expeditors International of Washington by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock worth $101,756,000 after buying an additional 9,007 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.1 %

Shares of EXPD stock opened at $116.57 on Tuesday. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The business’s 50 day moving average is $112.52 and its two-hundred day moving average is $118.40. The company has a market capitalization of $16.32 billion, a P/E ratio of 20.38, a P/E/G ratio of 5.00 and a beta of 0.98.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated Tuesday, December 10th. The stock was 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 in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXPD. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Barclays boosted 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 report on Wednesday, November 6th. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their target price on 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 equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.56.

About Expeditors International of Washington

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.