SRN Advisors LLC Buys New Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SRN Advisors LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,326 shares of the transportation company's stock, valued at approximately $922,000.

Several other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC acquired a new position in Expeditors International of Washington during the 3rd quarter valued at about $293,000. Smith Group Asset Management LLC acquired a new position in shares of Expeditors International of Washington in the third quarter valued at about $318,000. Chapman Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 57.2% in the third quarter. Chapman Investment Management LLC now owns 18,855 shares of the transportation company's stock valued at $2,478,000 after purchasing an additional 6,858 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Expeditors International of Washington by 19.0% in the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company's stock valued at $144,000 after purchasing an additional 176 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Expeditors International of Washington by 10.3% in the third quarter. Van ECK Associates Corp now owns 33,192 shares of the transportation company's stock valued at $3,966,000 after purchasing an additional 3,092 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EXPD shares. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Finally, Bank of America dropped their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $116.56.

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Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

EXPD stock traded up $0.21 during mid-day trading on Friday, reaching $117.26. 2,669,151 shares of the company's stock were exchanged, compared to its average volume of 1,214,819. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. The stock's 50 day moving average is $112.82 and its 200 day moving average is $118.35. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

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.