Concurrent Investment Advisors LLC Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Concurrent Investment Advisors LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,951 shares of the transportation company’s stock after purchasing an additional 148 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in EXPD. Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington during the third quarter valued at about $59,000. Finally, Asset Dedication LLC boosted its holdings in Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 503 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $118.41 on Wednesday. The firm’s 50-day moving average is $112.57 and its 200 day moving average is $118.39. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a market capitalization of $16.57 billion, a PE ratio of 20.70, a P/E/G ratio of 5.00 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXPD. UBS Group dropped their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus decreased their price objective 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. Bank of America lowered their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. TD Cowen upped their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $116.56.

Insider Activity

In other 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 owns 7,296 shares in the company, valued at $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 is available through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Expeditors International of Washington Company 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.