Sumitomo Mitsui DS Asset Management Company Ltd Purchases 343 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,374 shares of the transportation company’s stock after buying an additional 343 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Expeditors International of Washington were worth $1,814,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 acquiring an additional 257,791 shares in the last quarter. Marshfield Associates lifted its holdings in Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after purchasing an additional 6,878 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Expeditors International of Washington by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after purchasing an additional 4,044 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after buying an additional 51,265 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Expeditors International of Washington by 1.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after buying an additional 9,007 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $112.50 on Tuesday. The business’s 50 day moving average price is $113.55 and its 200-day moving average price is $118.91. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a market cap of $15.75 billion, a P/E ratio of 21.93, a P/E/G ratio of 3.77 and a beta of 0.98.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. 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 report on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Barclays lifted 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. Bank of America dropped 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 note on Thursday, January 16th. Finally, StockNews.com raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $117.44.

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.