Raiffeisen Bank International AG Increases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Raiffeisen Bank International AG grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 184.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,511 shares of the transportation company’s stock after purchasing an additional 4,223 shares during the quarter. Raiffeisen Bank International AG’s holdings in Expeditors International of Washington were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. HighPoint Advisor Group LLC grew its position in shares of 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 buying an additional 84 shares during the last quarter. Atria Investments Inc boosted its stake in Expeditors International of Washington by 0.3% in the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock valued at $3,830,000 after acquiring an additional 91 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of 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 worth $310,000 after purchasing an additional 101 shares during the last quarter. Davidson Trust Co. increased its position in shares of 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 purchasing an additional 113 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Expeditors International of Washington by 1.4% in the 3rd quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock valued at $1,054,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research reports. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. TD Cowen lifted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday, November 5th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $134.10.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $156.42 on Monday. The stock has a fifty day moving average price of $156.18 and a 200 day moving average price of $137.86. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19. The company has a market cap of $20.96 billion, a PE ratio of 27.35, a P/E/G ratio of 5.00 and a beta of 1.13.

About Expeditors International of Washington

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.