Swiss National Bank increased its stake in Expeditors International of Washington (NASDAQ:EXPD) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,025,806 shares of the transportation company’s stock after purchasing an additional 14,400 shares during the quarter. Swiss National Bank’s holdings in Expeditors International of Washington were worth $66,359,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EXPD. Canada Pension Plan Investment Board raised its holdings in shares of Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after purchasing an additional 1,900 shares during the period. Merriman Wealth Management LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $208,000. Checchi Capital Advisers LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $209,000. Virtu Financial LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $212,000. Finally, Sigma Planning Corp bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $216,000. 93.26% of the stock is currently owned by institutional investors.

Shares of Expeditors International of Washington (EXPD) opened at $63.67 on Thursday. Expeditors International of Washington has a 1-year low of $51.96 and a 1-year high of $67.54. The stock has a market cap of $11,216.60, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

EXPD has been the topic of a number of research reports. Cowen reaffirmed a “market perform” rating and issued a $58.00 price target (up previously from $54.00) on shares of Expeditors International of Washington in a report on Wednesday, November 8th. Credit Suisse Group lifted their price target on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a report on Wednesday, November 8th. UBS Group boosted their target price on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday, November 9th. Finally, Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a report on Monday, November 13th. They set a “neutral” rating and a $59.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.38.

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Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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