Resona Asset Management Co. Ltd. Makes New $6.43 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Resona Asset Management Co. Ltd. bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,966 shares of the transportation company's stock, valued at approximately $6,434,000.

A number of other institutional investors and hedge funds have also modified their holdings of EXPD. SRS Capital Advisors Inc. grew its stake in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $39,000. TD Private Client Wealth LLC increased its stake in Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock valued at $54,000 after buying an additional 142 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $57,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 1.7 %

Shares of NASDAQ:EXPD traded up $1.87 during trading on Friday, reaching $110.13. The stock had a trading volume of 2,297,248 shares, compared to its average volume of 1,281,069. The stock has a fifty day simple moving average of $115.31 and a two-hundred day simple moving average of $116.75. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59.

Analysts Set New Price Targets

Several analysts recently issued reports on EXPD shares. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut 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. UBS Group lowered their price target 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. Bank of America cut their price objective on shares of 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. Finally, Susquehanna boosted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $115.90.

Insider Buying and Selling

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

About Expeditors International of Washington

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.