Sovran Advisors LLC Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sovran Advisors LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,991 shares of the transportation company’s stock, valued at approximately $555,000.

A number of other hedge funds also recently made changes to their positions in the stock. Hara Capital LLC purchased a new stake in Expeditors International of Washington during the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington in the third quarter worth $57,000. Maia Wealth LLC purchased a new position in shares of Expeditors International of Washington in the third quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after buying an additional 300 shares during the period. Finally, Asset Dedication LLC grew its holdings in Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after acquiring an additional 503 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $111.01 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a 50 day simple moving average of $113.18 and a two-hundred day simple moving average of $118.78. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 3.77 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXPD. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Barclays boosted their target price on 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. Bank of America reduced their price objective on shares of 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. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Finally, TD Cowen lifted their target price 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. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $117.44.

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.