Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,191 shares of the transportation company’s stock after purchasing an additional 2,869 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Expeditors International of Washington were worth $43,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Expeditors International of Washington by 12.0% during 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 worth $315,485,000 after buying an additional 257,791 shares during the period. Marshfield Associates increased its stake in shares of Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after acquiring an additional 6,878 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Expeditors International of Washington by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after acquiring an additional 4,044 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $109,536,000 after acquiring an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Expeditors International of Washington by 1.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock worth $101,756,000 after acquiring an additional 9,007 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several research analyst reports. Bank of America dropped their price target on shares of 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. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four investment 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, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $117.44.

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 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 directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Performance

EXPD stock opened at $112.50 on Tuesday. The firm has a market cap of $15.75 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The stock has a 50-day simple moving average of $113.55 and a 200-day simple moving average of $118.91.

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.