Tokio Marine Asset Management Co. Ltd. Has $5.40 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1,320.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,715 shares of the transportation company's stock after buying an additional 45,286 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Expeditors International of Washington were worth $5,396,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EXPD. Two Sigma Advisers LP increased its stake in shares of Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock valued at $56,042,000 after buying an additional 399,800 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after acquiring an additional 308,390 shares in the last quarter. KBC Group NV boosted its stake in Expeditors International of Washington by 836.7% during the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock valued at $37,629,000 after purchasing an additional 303,438 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after purchasing an additional 265,111 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after purchasing an additional 257,791 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a research report on Tuesday, January 28th. Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Bank of America decreased their price target on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $117.44.

Expeditors International of Washington Price Performance

EXPD stock traded down $1.29 during mid-day trading on Wednesday, reaching $111.17. 286,847 shares of the company's stock were exchanged, compared to its average volume of 994,441. The company has a market cap of $15.56 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. The stock's 50 day moving average is $114.36 and its 200 day moving average is $119.27. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the business posted $1.16 earnings per share. The firm's revenue was up 37.0% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Insider Activity at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington 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 of the company's stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% 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.