Quantbot Technologies LP Increases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Quantbot Technologies LP increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 379.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,546 shares of the transportation company's stock after buying an additional 36,042 shares during the quarter. Quantbot Technologies LP's holdings in Expeditors International of Washington were worth $5,045,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EXPD. SRS Capital Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the fourth quarter valued at about $39,000. TD Private Client Wealth LLC boosted its stake in shares of Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock valued at $54,000 after purchasing an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington during the third quarter valued at about $57,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $66,000. 94.02% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXPD shares. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Stifel Nicolaus cut their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Bank of America lowered 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. Finally, UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $115.90.

Expeditors International of Washington Stock Up 0.7 %

EXPD traded up $0.80 during midday trading on Wednesday, hitting $119.12. The company had a trading volume of 1,855,902 shares, compared to its average volume of 1,179,021. The stock's 50 day moving average price is $115.26 and its 200 day moving average price is $117.87. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is owned by company insiders.

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.