EFG Asset Management Americas Corp. acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,333 shares of the transportation company’s stock, valued at approximately $2,790,000.

Several other large investors have also made changes to their positions in EXPD. BlackRock Inc. lifted its stake in Expeditors International of Washington by 14.8% in the fourth quarter. BlackRock Inc. now owns 17,220,162 shares of the transportation company’s stock valued at $1,637,809,000 after buying an additional 2,217,314 shares during the period. State Street Corp increased its stake in shares of Expeditors International of Washington by 1.0% in the 3rd quarter. State Street Corp now owns 9,147,803 shares of the transportation company’s stock valued at $828,059,000 after acquiring an additional 87,170 shares in the last quarter. First Trust Advisors LP boosted its stake in Expeditors International of Washington by 47.0% during the third quarter. First Trust Advisors LP now owns 2,193,577 shares of the transportation company’s stock worth $198,563,000 after acquiring an additional 701,488 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Expeditors International of Washington by 5.3% in the third quarter. UBS Asset Management Americas Inc. now owns 1,764,493 shares of the transportation company’s stock worth $159,722,000 after purchasing an additional 89,321 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Expeditors International of Washington by 2.5% in the third quarter. Wells Fargo & Company MN now owns 1,513,088 shares of the transportation company’s stock valued at $136,965,000 after purchasing an additional 36,239 shares in the last quarter. 91.17% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on EXPD. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $106.00 price target on the stock in a research note on Tuesday, January 5th. Barclays downgraded shares of Expeditors International of Washington from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 13th. Credit Suisse Group restated a “sell” rating and issued a $81.00 target price on shares of Expeditors International of Washington in a report on Wednesday, November 4th. Finally, Morgan Stanley boosted their price target on shares of Expeditors International of Washington from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 6th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $83.00.

NASDAQ:EXPD traded up $0.73 during midday trading on Monday, reaching $96.58. 35,866 shares of the stock traded hands, compared to its average volume of 1,154,252. The company has a fifty day moving average of $93.70 and a 200 day moving average of $90.57. The stock has a market capitalization of $16.35 billion, a P/E ratio of 25.89 and a beta of 0.75. Expeditors International of Washington, Inc. has a 12 month low of $52.55 and a 12 month high of $98.37.

In other news, CEO Jeffrey S. Musser sold 21,114 shares of the company’s stock in a transaction on Friday, December 11th. The stock was sold at an average price of $90.46, for a total transaction of $1,909,972.44. Following the transaction, the chief executive officer now directly owns 48,990 shares of the company’s stock, valued at $4,431,635.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Emmert sold 5,600 shares of the company’s stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $90.10, for a total transaction of $504,560.00. Following the transaction, the director now owns 15,390 shares in the company, valued at approximately $1,386,639. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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