Los Angeles Capital Management LLC Acquires 40,381 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Los Angeles Capital Management LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,604 shares of the transportation company’s stock after purchasing an additional 40,381 shares during the period. Los Angeles Capital Management LLC’s holdings in Expeditors International of Washington were worth $15,132,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EXPD. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the third quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington in the third quarter worth $57,000. Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington in the third quarter worth $59,000. Finally, Asset Dedication LLC grew its holdings in shares of Expeditors International of Washington by 339.9% in the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after acquiring an additional 503 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 1.6 %

Shares of Expeditors International of Washington stock opened at $118.41 on Wednesday. The stock’s 50-day simple moving average is $112.57 and its 200-day simple moving average is $118.39. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The company has a market capitalization of $16.57 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 5.00 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several analysts recently commented on EXPD shares. Barclays lifted their price objective 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. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus cut their price target on 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. Finally, Bank of America cut their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $116.56.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the business’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 disclosure for this sale can be found here. 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.