Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,374 shares of the transportation company’s stock after purchasing 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 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in Expeditors International of Washington by 6.6% during 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 buying an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Expeditors International of Washington in the 3rd quarter worth about $4,363,000. Franklin Resources Inc. boosted its stake in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing an additional 30,785 shares in the last quarter. Pensionfund Sabic purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $1,329,000. Finally, Drystone LLC bought a new stake in Expeditors International of Washington during the 4th quarter valued at about $5,925,000. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EXPD shares. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. 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 note on Thursday, January 16th. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.44.

Expeditors International of Washington Stock Up 1.9 %

NASDAQ EXPD opened at $112.50 on Tuesday. The firm has a market capitalization of $15.75 billion, a P/E ratio of 21.93, a PEG ratio of 3.77 and a beta of 0.98. The company has a 50-day moving average price of $113.55 and a 200-day moving average price of $118.91. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

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.