Blueshift Asset Management LLC Invests $217,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Blueshift Asset Management LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,956 shares of the transportation company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its holdings in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at about $57,000. Intact Investment Management Inc. purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $66,000. Finally, Asset Dedication LLC boosted its holdings in Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 503 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $116.19 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The firm has a market capitalization of $16.04 billion, a P/E ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00. The stock has a 50 day moving average price of $114.97 and a 200-day moving average price of $117.97.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group dropped their target price on 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. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Susquehanna upped their price target 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. Stifel Nicolaus lowered their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Bank of America lowered 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 report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.90.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.