Expeditors International of Washington, Inc. $EXPD Stock Position Lowered by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,610 shares of the transportation company’s stock after selling 5,250 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Expeditors International of Washington were worth $4,120,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC lifted its holdings in Expeditors International of Washington by 4.2% in the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 84 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Expeditors International of Washington by 0.3% in the 2nd quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock worth $3,830,000 after purchasing an additional 91 shares in the last quarter. Forum Financial Management LP lifted its stake in Expeditors International of Washington by 3.9% during the second quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 101 shares during the last quarter. Davidson Trust Co. boosted its holdings in Expeditors International of Washington by 3.2% during the third quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock worth $452,000 after buying an additional 113 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Expeditors International of Washington by 1.4% during the third quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock worth $1,054,000 after buying an additional 115 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $162.03 on Thursday. The stock has a market cap of $21.72 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $167.19. The stock’s 50-day moving average is $156.52 and its two-hundred day moving average is $136.11.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXPD. Morgan Stanley increased their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, TD Cowen upped their price objective on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.