Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by M&T Bank Corp

M&T Bank Corp lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,096 shares of the transportation company’s stock after acquiring an additional 738 shares during the period. M&T Bank Corp’s holdings in Expeditors International of Washington were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Two Sigma Advisers LP boosted its stake in Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after purchasing an additional 399,800 shares in the last quarter. KBC Group NV lifted its holdings in shares of Expeditors International of Washington by 836.7% in the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after buying an additional 303,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Expeditors International of Washington by 12.0% during the third 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 valued at $315,485,000 after buying an additional 257,791 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth about $13,008,000. Finally, Janney Montgomery Scott LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth about $11,219,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several research reports. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. UBS Group decreased their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Stifel Nicolaus reduced their target price on 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. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Trading Up 4.9 %

Shares of EXPD stock opened at $126.64 on Monday. The stock’s fifty day simple moving average is $113.76 and its 200-day simple moving average is $118.34. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Paul Carlile sold 3,000 shares of the company’s 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

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.