Jupiter Asset Management Ltd. boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 445,457 shares of the transportation company's stock after purchasing an additional 45,696 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.32% of Expeditors International of Washington worth $49,343,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of EXPD. SRS Capital Advisors Inc. boosted its holdings in 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 worth $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington in the fourth quarter worth $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington during the third quarter valued at $57,000. Asset Dedication LLC boosted its stake in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock valued at $72,000 after buying an additional 503 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Expeditors International of Washington by 11.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company's stock valued at $147,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.
Expeditors International of Washington Price Performance
Shares of Expeditors International of Washington stock traded down $1.20 on Friday, reaching $115.29. The company had a trading volume of 1,835,248 shares, compared to its average volume of 1,359,185. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. The firm's 50-day moving average price is $114.45 and its two-hundred day moving average price is $118.19. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on EXPD. Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Stifel Nicolaus lowered their target price on 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. UBS Group decreased their price objective on 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. JPMorgan Chase & Co. decreased their price target 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. Finally, Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $115.90.
Check Out Our Latest Report on EXPD
Insider Activity
In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's 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 transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.69% of the company's stock.
About Expeditors International of Washington
(
Free Report)
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.
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