Asset Management One Co. Ltd. Grows Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

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

Several other hedge funds also recently modified their holdings of EXPD. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $59,000. Asset Dedication LLC grew its stake in shares of Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock valued at $72,000 after buying an additional 503 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Expeditors International of Washington by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company's stock valued at $144,000 after buying an additional 176 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents 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. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent research reports. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. UBS Group cut their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday. Finally, Bank of America reduced their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus price target of $116.56.

Expeditors International of Washington Price Performance

Shares of EXPD stock traded down $0.82 on Friday, hitting $116.44. The stock had a trading volume of 2,811,278 shares, compared to its average volume of 1,120,276. The business has a 50 day moving average of $112.54 and a 200 day moving average of $118.39. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98.

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.