Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 279,529 shares of the transportation company's stock after acquiring an additional 33,455 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Expeditors International of Washington worth $31,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EXPD. Franklin Resources Inc. boosted its position in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after buying an additional 30,785 shares during the period. Point72 Asset Management L.P. purchased a new position in Expeditors International of Washington during the 3rd quarter valued at $4,363,000. Pensionfund Sabic bought a new position in Expeditors International of Washington in the 4th quarter valued at $1,329,000. Drystone LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $5,925,000. Finally, Allworth Financial LP lifted its position in shares of Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock traded down $12.25 during trading on Thursday, reaching $109.64. 1,244,026 shares of the company traded hands, compared to its average volume of 1,367,995. The business has a 50 day simple moving average of $116.37 and a 200 day simple moving average of $117.84. Expeditors International of Washington, Inc. has a 12 month low of $107.24 and a 12 month high of $131.59. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company's stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on EXPD shares. Susquehanna upped their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Bank of America decreased their price target 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. Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has an average rating of "Hold" and a consensus target price of $115.90.

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.