Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,794 shares of the transportation company’s stock after purchasing an additional 1,420 shares during the period. AlphaQuest LLC’s holdings in Expeditors International of Washington were worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Amundi lifted its position in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock valued at $163,653,000 after acquiring an additional 8,101 shares during the period. Lifeworks Advisors LLC lifted its position in shares of Expeditors International of Washington by 31.2% during the 4th quarter. Lifeworks Advisors LLC now owns 2,878 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 685 shares during the period. Machina Capital S.A.S. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $248,000. Edgestream Partners L.P. lifted its position in shares of Expeditors International of Washington by 576.4% during the 4th quarter. Edgestream Partners L.P. now owns 47,857 shares of the transportation company’s stock valued at $5,301,000 after acquiring an additional 40,782 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $36,865,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Bank of America dropped their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Susquehanna raised their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $116.56.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on 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 in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Performance

EXPD stock opened at $126.64 on Monday. The stock has a market capitalization of $17.48 billion, a P/E ratio of 22.14, a PEG ratio of 5.00 and a beta of 1.00. 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 50 day moving average price of $113.76 and a two-hundred day moving average price of $118.34.

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.