Kingsview Wealth Management LLC Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Kingsview Wealth Management LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,720 shares of the transportation company’s stock after buying an additional 2,378 shares during the period. Kingsview Wealth Management LLC’s holdings in Expeditors International of Washington were worth $2,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXPD. Vest Financial LLC raised its position in Expeditors International of Washington by 20.9% during the fourth quarter. Vest Financial LLC now owns 497,786 shares of the transportation company’s stock valued at $55,140,000 after acquiring an additional 86,066 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of Expeditors International of Washington by 27.9% during the 4th quarter. Global X Japan Co. Ltd. now owns 4,350 shares of the transportation company’s stock valued at $482,000 after purchasing an additional 948 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Expeditors International of Washington by 2.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,374 shares of the transportation company’s stock valued at $1,814,000 after purchasing an additional 343 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Expeditors International of Washington by 0.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 389,191 shares of the transportation company’s stock valued at $43,111,000 after purchasing an additional 2,869 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in Expeditors International of Washington by 4.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 86,304 shares of the transportation company’s stock worth $9,560,000 after buying an additional 3,854 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Saturday. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus dropped their price objective 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. Bank of America cut their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $112.50 on Tuesday. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock’s fifty day moving average is $113.55 and its two-hundred day moving average is $118.91. The firm has a market capitalization of $15.75 billion, a P/E ratio of 21.93, a PEG ratio of 3.77 and a beta of 0.98.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 9,662 shares in the company, 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 at this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington 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.