Cibc World Markets Corp Boosts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cibc World Markets Corp increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,119 shares of the transportation company’s stock after purchasing an additional 2,972 shares during the quarter. Cibc World Markets Corp’s holdings in Expeditors International of Washington were worth $2,450,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the fourth quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the third quarter worth approximately $57,000. Intact Investment Management Inc. acquired a new position in Expeditors International of Washington during the fourth quarter worth approximately $66,000. Finally, Asset Dedication LLC increased its position in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Finally, Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $115.66 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The business has a 50 day simple moving average of $114.82 and a 200-day simple moving average of $118.05. The stock has a market capitalization of $15.97 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

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.