Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,466 shares of the transportation company’s stock after purchasing an additional 823 shares during the period. CIBC Asset Management Inc’s holdings in Expeditors International of Washington were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings 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. Franklin Resources Inc. increased its holdings in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after acquiring an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth about $4,363,000. Pensionfund Sabic purchased a new stake in Expeditors International of Washington during the fourth quarter worth approximately $1,329,000. Finally, Drystone LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $5,925,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.7 %

Expeditors International of Washington stock opened at $116.44 on Friday. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98. The stock has a 50 day moving average of $112.54 and a two-hundred day moving average of $118.39. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the 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 transaction, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. UBS Group reduced their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Company 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.