Jupiter Asset Management Ltd. Purchases 45,696 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Jupiter Asset Management Ltd. raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 445,457 shares of the transportation company’s stock after acquiring an additional 45,696 shares during the period. Jupiter Asset Management Ltd.’s holdings in Expeditors International of Washington were worth $49,343,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Expeditors International of Washington by 1.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock valued at $824,000 after acquiring an additional 125 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Expeditors International of Washington by 10.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,031 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 287 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 7.2% during the 4th quarter. HighTower Advisors LLC now owns 77,466 shares of the transportation company’s stock worth $8,581,000 after acquiring an additional 5,178 shares during the last quarter. AGF Management Ltd. bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $2,358,000. Finally, River Road Asset Management LLC lifted its holdings in shares of Expeditors International of Washington by 60.2% during the 4th quarter. River Road Asset Management LLC now owns 88,776 shares of the transportation company’s stock worth $9,834,000 after acquiring an additional 33,343 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Stifel Nicolaus dropped 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Bank of America reduced their price target on shares of 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. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.56.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 3.8 %

EXPD stock opened at $117.53 on Wednesday. The company’s 50 day moving average is $114.12 and its two-hundred day moving average is $118.30. The stock has a market cap of $16.22 billion, a P/E ratio of 20.55, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

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.