Jupiter Asset Management Ltd. Purchases 45,696 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Jupiter Asset Management Ltd. raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 445,457 shares of the transportation company’s stock after buying an additional 45,696 shares during the period. Jupiter Asset Management Ltd. owned about 0.32% of Expeditors International of Washington worth $49,343,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EXPD. Two Sigma Advisers LP boosted its position in Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after buying an additional 399,800 shares during the last quarter. Raymond James Financial Inc. bought a new position in Expeditors International of Washington in the 4th quarter valued at $36,865,000. KBC Group NV boosted its position in shares of Expeditors International of Washington by 836.7% in the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock worth $37,629,000 after purchasing an additional 303,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Expeditors International of Washington by 12.0% in the 3rd 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 purchasing an additional 257,791 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $13,008,000. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EXPD. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Bank of America reduced their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Price Performance

EXPD opened at $117.53 on Wednesday. The business’s 50-day moving average price is $114.12 and its two-hundred day moving average price is $118.30. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 5.00 and a beta of 1.00.

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.