Portfolio Design Labs LLC Purchases 6,939 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Portfolio Design Labs LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 45.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,236 shares of the transportation company’s stock after buying an additional 6,939 shares during the period. Portfolio Design Labs LLC’s holdings in Expeditors International of Washington were worth $2,463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hara Capital LLC bought a new position in Expeditors International of Washington during the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington during the third quarter valued at approximately $57,000. Maia Wealth LLC bought a new position in Expeditors International of Washington in the third quarter worth approximately $59,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in 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 acquiring an additional 300 shares during the period. Finally, Asset Dedication LLC raised its position in Expeditors International of Washington by 339.9% in the fourth 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 period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $112.38 on Wednesday. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The company’s 50-day simple moving average is $113.38 and its two-hundred day simple moving average is $118.83. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America lowered their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.44.

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.