Vinva Investment Management Ltd Makes New $675,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vinva Investment Management Ltd acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,088 shares of the transportation company's stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Expeditors International of Washington in the third quarter valued at about $1,685,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Expeditors International of Washington by 50.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 210,227 shares of the transportation company's stock valued at $27,624,000 after buying an additional 70,174 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Expeditors International of Washington by 2.1% during the third quarter. Raymond James Trust N.A. now owns 6,332 shares of the transportation company's stock worth $832,000 after buying an additional 129 shares during the period. Finally, Citigroup Inc. grew its holdings in Expeditors International of Washington by 13.1% during the 3rd quarter. Citigroup Inc. now owns 182,462 shares of the transportation company's stock worth $23,976,000 after acquiring an additional 21,188 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

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Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $0.80 during mid-day trading on Wednesday, reaching $119.12. 1,855,902 shares of the company's stock were exchanged, compared to its average volume of 1,395,276. The firm has a 50-day moving average price of $115.26 and a two-hundred day moving average price of $117.87. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. UBS Group reduced their price objective on shares of 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. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, Susquehanna lifted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $115.90.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington 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.