Los Angeles Capital Management LLC Grows Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Los Angeles Capital Management LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 136,604 shares of the transportation company’s stock after buying an additional 40,381 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.10% of Expeditors International of Washington worth $15,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after buying an additional 51,265 shares during the period. Franklin Resources Inc. lifted its holdings in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares during the period. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $4,363,000. Pensionfund Sabic purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $1,329,000. Finally, Drystone LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $5,925,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus dropped their price objective 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. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. TD Cowen raised their target price on 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. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.56.

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 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 sale, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Expeditors International of Washington Trading Up 1.6 %

Shares of NASDAQ:EXPD opened at $118.41 on Wednesday. The stock has a fifty day simple moving average of $112.57 and a two-hundred day simple moving average of $118.39. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 5.00 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 Company 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.