Chapman Investment Management LLC Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Chapman Investment Management LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 18,967 shares of the transportation company’s stock after purchasing an additional 112 shares during the period. Expeditors International of Washington comprises about 1.6% of Chapman Investment Management LLC’s investment portfolio, making the stock its 19th biggest position. Chapman Investment Management LLC’s holdings in Expeditors International of Washington were worth $2,101,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Expeditors International of Washington by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,031 shares of the transportation company’s stock worth $2,106,000 after buying an additional 180 shares in the last quarter. Blue Trust Inc. raised its stake in Expeditors International of Washington by 106.9% during the third quarter. Blue Trust Inc. now owns 2,257 shares of the transportation company’s stock valued at $282,000 after purchasing an additional 1,166 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Expeditors International of Washington by 2.2% in the 3rd quarter. Raymond James & Associates now owns 274,813 shares of the transportation company’s stock valued at $36,110,000 after acquiring an additional 6,014 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after purchasing an additional 308,390 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Expeditors International of Washington by 6.9% in the third quarter. Sequoia Financial Advisors LLC now owns 2,744 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 178 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $118.24 on Wednesday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The company has a market capitalization of $16.55 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The company’s fifty day moving average price is $112.72 and its 200 day moving average price is $118.45.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen boosted their price objective 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 cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday. Bank of America dropped 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 note on Thursday, January 16th. Finally, Barclays raised their target price on 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 and eight have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.44.

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.