MOKAN Wealth Management Inc. Invests $1.09 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

MOKAN Wealth Management Inc. purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,829 shares of the transportation company's stock, valued at approximately $1,088,000.

Other hedge funds have also modified their holdings of the company. Two Sigma Advisers LP raised its holdings in Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after buying an additional 399,800 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after buying an additional 308,390 shares during the period. KBC Group NV raised its holdings in Expeditors International of Washington by 836.7% during the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock worth $37,629,000 after buying an additional 303,438 shares during the period. International Assets Investment Management LLC raised its holdings in Expeditors International of Washington by 15,046.0% during the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after buying an additional 265,111 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after purchasing an additional 257,791 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXPD shares. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday. Stifel Nicolaus lowered their price objective on shares of 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. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Finally, Bank of America decreased their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $116.56.

Expeditors International of Washington Price Performance

EXPD stock traded up $0.95 during midday trading on Thursday, reaching $117.22. 1,171,454 shares of the company were exchanged, compared to its average volume of 1,069,035. The business has a 50-day moving average price of $112.58 and a two-hundred day moving average price of $118.43. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 4.02 and a beta of 0.98.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were 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 owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.