Expeditors International of Washington (NASDAQ:EXPD) Holdings Increased by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 19.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450,754 shares of the transportation company’s stock after purchasing an additional 74,968 shares during the period. Acadian Asset Management LLC owned about 0.25% of Expeditors International of Washington worth $29,162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. First Allied Advisory Services Inc. lifted its stake in shares of Expeditors International of Washington by 0.7% in the 2nd quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock valued at $752,000 after acquiring an additional 97 shares during the last quarter. Sentry Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 11,578 shares of the transportation company’s stock valued at $654,000 after acquiring an additional 116 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Expeditors International of Washington by 5.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,274 shares of the transportation company’s stock valued at $411,000 after acquiring an additional 404 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Expeditors International of Washington by 0.5% in the 2nd quarter. HighTower Advisors LLC now owns 82,228 shares of the transportation company’s stock valued at $4,663,000 after acquiring an additional 416 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Expeditors International of Washington by 4.5% in the 2nd quarter. Nordea Investment Management AB now owns 13,937 shares of the transportation company’s stock valued at $787,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 93.47% of the company’s stock.

Expeditors International of Washington (EXPD) traded up $0.26 during midday trading on Friday, reaching $60.62. The company had a trading volume of 1,203,335 shares, compared to its average volume of 1,060,000. The firm has a market capitalization of $10,770.00, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. Expeditors International of Washington has a 1-year low of $51.96 and a 1-year high of $67.54.

In related news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

A number of research analysts have recently commented on EXPD shares. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, November 9th. Barclays reiterated a “buy” rating and issued a $70.00 price target on shares of Expeditors International of Washington in a research note on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 price target on shares of Expeditors International of Washington in a research note on Thursday, January 18th. Cowen increased their price target on Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Finally, Goldman Sachs Group started coverage on Expeditors International of Washington in a research note on Monday, November 13th. They issued a “neutral” rating and a $59.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $63.88.

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Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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