Machina Capital S.A.S. Makes New $248,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Machina Capital S.A.S. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,242 shares of the transportation company's stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Edgestream Partners L.P. boosted its position in Expeditors International of Washington by 576.4% during the fourth quarter. Edgestream Partners L.P. now owns 47,857 shares of the transportation company's stock worth $5,301,000 after purchasing an additional 40,782 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $36,865,000. Arizona State Retirement System lifted its holdings in shares of Expeditors International of Washington by 1.3% during the fourth quarter. Arizona State Retirement System now owns 40,991 shares of the transportation company's stock worth $4,541,000 after buying an additional 523 shares in the last quarter. Sound Financial Strategies Group LLC lifted its holdings in shares of Expeditors International of Washington by 15.6% during the fourth quarter. Sound Financial Strategies Group LLC now owns 7,238 shares of the transportation company's stock worth $802,000 after buying an additional 979 shares in the last quarter. Finally, Aigen Investment Management LP lifted its holdings in shares of Expeditors International of Washington by 492.7% during the fourth quarter. Aigen Investment Management LP now owns 13,704 shares of the transportation company's stock worth $1,518,000 after buying an additional 11,392 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. UBS Group dropped their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $116.56.

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Expeditors International of Washington Trading Up 4.9 %

Shares of NASDAQ EXPD opened at $126.64 on Monday. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 5.00 and a beta of 1.00. 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 50-day moving average price of $113.76 and a two-hundred day moving average price of $118.34.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction dated 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. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was 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 approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.69% of the company's stock.

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.

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