Allianz Asset Management GmbH Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allianz Asset Management GmbH grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 296,545 shares of the transportation company’s stock after buying an additional 66,601 shares during the quarter. Allianz Asset Management GmbH owned 0.21% of Expeditors International of Washington worth $32,848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hara Capital LLC purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington during the third quarter valued at $57,000. Maia Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the third quarter valued at $59,000. Finally, Asset Dedication LLC increased its holdings in Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after buying an additional 503 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.7 %

Shares of EXPD opened at $116.44 on Monday. The business has a 50-day simple moving average of $112.54 and a two-hundred day simple moving average of $118.42. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.00 and a beta of 0.98.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EXPD shares. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus cut 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. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.56.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred 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 owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

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.