Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 576.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,857 shares of the transportation company's stock after purchasing an additional 40,782 shares during the period. Edgestream Partners L.P.'s holdings in Expeditors International of Washington were worth $5,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP raised its stake in Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after acquiring an additional 399,800 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $36,865,000. KBC Group NV raised its stake in shares of Expeditors International of Washington by 836.7% in the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock worth $37,629,000 after purchasing an additional 303,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Expeditors International of Washington by 12.0% during 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 worth $315,485,000 after purchasing an additional 257,791 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $13,008,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

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Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Trading Down 0.4 %

EXPD traded down $0.41 during trading on Wednesday, hitting $117.03. The company's stock had a trading volume of 1,390,754 shares, compared to its average volume of 1,332,128. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 5.00 and a beta of 1.00. The business's fifty day simple moving average is $114.12 and its 200 day simple moving average is $118.30. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXPD. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Stifel Nicolaus decreased their target price 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. Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. UBS Group reduced their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their target price on 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. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and a consensus price target of $116.56.

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.