Quantbot Technologies LP Purchases 36,042 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Quantbot Technologies LP boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 379.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 45,546 shares of the transportation company’s stock after purchasing an additional 36,042 shares during the quarter. Quantbot Technologies LP’s holdings in Expeditors International of Washington were worth $5,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. TD Private Client Wealth LLC raised its holdings in Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after purchasing an additional 142 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 114 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Expeditors International of Washington by 371.6% during the 4th quarter. Whittier Trust Co. now owns 1,396 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 1,100 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $217,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Expeditors International of Washington by 6,392.4% in the fourth quarter. Teacher Retirement System of Texas now owns 211,588 shares of the transportation company’s stock worth $23,438,000 after acquiring an additional 208,329 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $116.19 on Friday. The company’s fifty day moving average price is $114.97 and its 200-day moving average price is $118.00. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The company has a market capitalization of $16.04 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Analyst Ratings Changes

A number of equities analysts recently commented on EXPD shares. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Truist Financial started coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Finally, StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus price target 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

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.