Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 379.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,546 shares of the transportation company’s stock after acquiring an additional 36,042 shares during the period. Quantbot Technologies LP’s holdings in Expeditors International of Washington were worth $5,045,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EXPD. TD Private Client Wealth LLC increased its holdings in shares of Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock valued at $54,000 after buying an additional 142 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Expeditors International of Washington by 17.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock worth $86,000 after buying an additional 114 shares during the period. Whittier Trust Co. lifted its position in shares of Expeditors International of Washington by 371.6% during the 4th quarter. Whittier Trust Co. now owns 1,396 shares of the transportation company’s stock worth $155,000 after purchasing an additional 1,100 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $217,000. Finally, Teacher Retirement System of Texas grew its position in Expeditors International of Washington by 6,392.4% in the 4th quarter. Teacher Retirement System of Texas now owns 211,588 shares of the transportation company’s stock worth $23,438,000 after purchasing an additional 208,329 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.5 %

Shares of EXPD stock opened at $116.19 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The firm has a market capitalization of $16.04 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The firm has a fifty day simple moving average of $114.97 and a two-hundred day simple moving average of $118.00.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America dropped their price objective 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus cut their target price on shares of 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. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.90.

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.