Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 37.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,917 shares of the transportation company’s stock after purchasing an additional 20,658 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Expeditors International of Washington worth $8,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Marks Group Wealth Management Inc raised its position in shares of Expeditors International of Washington by 2.7% during the 4th quarter. Marks Group Wealth Management Inc now owns 38,612 shares of the transportation company’s stock valued at $4,277,000 after buying an additional 1,016 shares during the period. Portfolio Design Labs LLC raised its position in shares of Expeditors International of Washington by 45.4% during the 4th quarter. Portfolio Design Labs LLC now owns 22,236 shares of the transportation company’s stock valued at $2,463,000 after buying an additional 6,939 shares during the period. Sovran Advisors LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $555,000. Stoneridge Investment Partners LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $603,000. Finally, Empowered Funds LLC raised its position in Expeditors International of Washington by 108.0% in the fourth quarter. Empowered Funds LLC now owns 29,307 shares of the transportation company’s stock valued at $3,246,000 after purchasing an additional 15,215 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on EXPD. Barclays boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. TD Cowen boosted 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. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Finally, Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $117.44.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares of the company’s stock, 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 SEC, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $113.82 on Tuesday. The company has a 50-day simple moving average of $112.77 and a 200-day simple moving average of $118.48. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 3.77 and a beta of 0.98.

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.