Naples Global Advisors LLC Sells 225 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Naples Global Advisors LLC lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,642 shares of the transportation company’s stock after selling 225 shares during the period. Naples Global Advisors LLC’s holdings in Expeditors International of Washington were worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position in Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 300 shares during the period. Exchange Traded Concepts LLC raised its holdings in Expeditors International of Washington by 114.3% during the third quarter. Exchange Traded Concepts LLC now owns 3,667 shares of the transportation company’s stock worth $482,000 after buying an additional 1,956 shares during the last quarter. Swedbank AB lifted its stake in shares of Expeditors International of Washington by 1.1% in the third quarter. Swedbank AB now owns 21,910 shares of the transportation company’s stock valued at $2,879,000 after buying an additional 231 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Expeditors International of Washington by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,031 shares of the transportation company’s stock valued at $2,106,000 after buying an additional 180 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Expeditors International of Washington by 5.6% during the third quarter. V Square Quantitative Management LLC now owns 3,889 shares of the transportation company’s stock worth $511,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on EXPD. Bank of America dropped their price target on shares of 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. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Stifel Nicolaus decreased their price target 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. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Barclays upped 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 research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Trading Up 1.5 %

NASDAQ:EXPD opened at $112.74 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The firm’s 50 day moving average is $113.02 and its 200 day moving average is $118.73. The stock has a market capitalization of $15.78 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s 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 sale, 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 Securities & Exchange Commission, which is available through this link. 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.