Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 389,191 shares of the transportation company’s stock after purchasing an additional 2,869 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of Expeditors International of Washington worth $43,111,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 valued at $315,485,000 after buying an additional 257,791 shares during the period. Marshfield Associates boosted its holdings in shares of Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after acquiring an additional 6,878 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after acquiring an additional 4,044 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Expeditors International of Washington by 1.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after purchasing an additional 9,007 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent analyst reports. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America dropped their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, TD Cowen raised their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.44.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 1.9 %

Shares of EXPD opened at $112.50 on Tuesday. The company has a 50-day moving average of $113.55 and a two-hundred day moving average of $118.91. The stock has a market cap of $15.75 billion, a P/E ratio of 21.93, a PEG ratio of 3.77 and a beta of 0.98. 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.