Generali Asset Management SPA SGR Invests $3.01 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Generali Asset Management SPA SGR acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,195 shares of the transportation company’s stock, valued at approximately $3,012,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPD. Manchester Capital Management LLC raised its position in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after acquiring an additional 103 shares in the last quarter. Chapman Investment Management LLC raised its position in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after acquiring an additional 112 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Expeditors International of Washington by 1.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock worth $824,000 after acquiring an additional 125 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Expeditors International of Washington by 2.1% during the 3rd quarter. Raymond James Trust N.A. now owns 6,332 shares of the transportation company’s stock worth $832,000 after acquiring an additional 129 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.7 %

Shares of NASDAQ:EXPD opened at $116.40 on Thursday. The company has a market cap of $16.07 billion, a P/E ratio of 20.35, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The company has a 50-day moving average price of $114.76 and a 200 day moving average price of $118.07.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. UBS Group decreased their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Bank of America decreased their target price on 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. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, Stifel Nicolaus dropped their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $115.90.

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.