Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 389,191 shares of the transportation company's stock after buying an additional 2,869 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of Expeditors International of Washington worth $43,111,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hara Capital LLC bought a new position in Expeditors International of Washington during the third quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington during the third quarter valued at $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth about $59,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock worth $62,000 after purchasing an additional 300 shares during the last quarter. Finally, Asset Dedication LLC grew its holdings in shares of Expeditors International of Washington by 339.9% in the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock worth $72,000 after purchasing an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $1.08 during trading on Friday, reaching $113.82. The company had a trading volume of 1,635,059 shares, compared to its average volume of 1,015,472. The firm's 50-day simple moving average is $112.91 and its 200 day simple moving average is $118.66. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The firm has a market capitalization of $15.93 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America lowered 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 research note on Thursday, January 16th. TD Cowen increased their price target on shares of 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. Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Barclays increased their price target on shares of 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. Finally, StockNews.com raised shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a research report on Saturday, February 8th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $117.44.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Company 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.