Expeditors International of Washington (NASDAQ:EXPD) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 8.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 35,292 shares of the transportation company’s stock after purchasing an additional 2,623 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $2,748,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EXPD. Carmichael Hill & Associates Inc. acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $25,000. Cornerstone Advisors Inc. raised its position in shares of Expeditors International of Washington by 115.6% during the 3rd quarter. Cornerstone Advisors Inc. now owns 345 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Whittier Trust Co. raised its position in shares of Expeditors International of Washington by 67.3% during the 3rd quarter. Whittier Trust Co. now owns 460 shares of the transportation company’s stock worth $34,000 after purchasing an additional 185 shares during the last quarter. Barnett & Company Inc. raised its position in shares of Expeditors International of Washington by 2,806.3% during the 4th quarter. Barnett & Company Inc. now owns 465 shares of the transportation company’s stock worth $36,000 after purchasing an additional 449 shares during the last quarter. Finally, Lenox Wealth Management Inc. raised its position in shares of Expeditors International of Washington by 36.5% during the 3rd quarter. Lenox Wealth Management Inc. now owns 774 shares of the transportation company’s stock worth $57,000 after purchasing an additional 207 shares during the last quarter. Institutional investors own 91.36% of the company’s stock.

In other Expeditors International of Washington news, CFO Bradley S. Powell sold 17,364 shares of Expeditors International of Washington stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $76.15, for a total value of $1,322,268.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Expeditors International of Washington from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $78.00 price objective for the company. in a research report on Tuesday, December 3rd. Cowen cut their price objective on Expeditors International of Washington from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Credit Suisse Group lowered their target price on shares of Expeditors International of Washington from $70.00 to $68.00 and set an “underperform” rating for the company in a research note on Tuesday, January 21st. Finally, Robert W. Baird lifted their target price on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $72.90.

EXPD stock opened at $73.39 on Friday. The stock has a market capitalization of $12.63 billion, a P/E ratio of 20.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.34 and a current ratio of 2.34. Expeditors International of Washington has a one year low of $67.97 and a one year high of $81.64. The company has a 50 day moving average price of $75.60 and a two-hundred day moving average price of $74.32.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

Further Reading: What does an equal weight rating mean?

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington (NASDAQ:EXPD).

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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