Expeditors International of Washington, Inc. $EXPD Stock Position Increased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 48.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,239 shares of the transportation company’s stock after buying an additional 1,060 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Expeditors International of Washington were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington in the 1st quarter valued at about $26,000. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the first quarter worth about $30,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington in the first quarter worth about $37,000. Ransom Advisory Ltd acquired a new stake in Expeditors International of Washington in the first quarter worth about $41,000. Finally, Twin Tree Management LP acquired a new stake in Expeditors International of Washington in the first quarter worth about $42,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Up 0.6%

Shares of Expeditors International of Washington stock opened at $121.92 on Friday. The company’s 50-day moving average price is $119.56 and its two-hundred day moving average price is $115.44. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The stock has a market cap of $16.55 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EXPD shares. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 price objective for the company. Barclays upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Finally, Bank of America downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Seven analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $114.78.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

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.