Meiji Yasuda Asset Management Co Ltd. Grows Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,646 shares of the transportation company’s stock after purchasing an additional 3,457 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Expeditors International of Washington were worth $3,727,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EXPD. Stevens Capital Management LP purchased a new stake in Expeditors International of Washington in the fourth quarter worth $1,174,000. Fox Run Management L.L.C. grew its stake in shares of Expeditors International of Washington by 14.7% during the 4th quarter. Fox Run Management L.L.C. now owns 11,358 shares of the transportation company’s stock worth $1,258,000 after acquiring an additional 1,456 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Expeditors International of Washington in the 4th quarter worth about $14,910,000. Mizuho Securities USA LLC raised its stake in Expeditors International of Washington by 45.0% in the 4th quarter. Mizuho Securities USA LLC now owns 13,267 shares of the transportation company’s stock valued at $1,470,000 after acquiring an additional 4,116 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Expeditors International of Washington by 379.2% during the fourth quarter. Quantbot Technologies LP now owns 45,546 shares of the transportation company’s stock valued at $5,045,000 after purchasing an additional 36,042 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research reports. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Susquehanna boosted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. UBS Group cut their price target 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus dropped their price objective 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. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.90.

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 the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Trading Up 0.5 %

Shares of NASDAQ EXPD opened at $118.41 on Wednesday. The business has a 50-day moving average of $115.26 and a 200-day moving average of $117.87. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

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.