Aviva PLC Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Aviva PLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,881 shares of the transportation company's stock after purchasing an additional 47,610 shares during the quarter. Aviva PLC owned about 0.14% of Expeditors International of Washington worth $21,033,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $816,000. Resona Asset Management Co. Ltd. bought a new position in Expeditors International of Washington in the 4th quarter valued at about $6,434,000. Landscape Capital Management L.L.C. acquired a new stake in Expeditors International of Washington in the fourth quarter valued at about $839,000. ExodusPoint Capital Management LP acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $7,298,000. Finally, World Investment Advisors raised its position in Expeditors International of Washington by 44.7% in the fourth quarter. World Investment Advisors now owns 2,442 shares of the transportation company's stock valued at $271,000 after purchasing an additional 754 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 1.7 %

Shares of NASDAQ:EXPD traded up $1.87 during trading on Friday, reaching $110.13. The company's stock had a trading volume of 2,297,248 shares, compared to its average volume of 1,281,069. The stock has a market capitalization of $15.17 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The firm's 50 day simple moving average is $115.31 and its two-hundred day simple moving average is $116.75. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % 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 the SEC website. Company insiders own 0.69% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXPD. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, UBS Group cut their price target 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, February 19th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus target price of $115.90.

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.