Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 279,529 shares of the transportation company’s stock after purchasing an additional 33,455 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Expeditors International of Washington worth $31,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth $39,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington during the third quarter valued at $57,000. TD Private Client Wealth LLC boosted 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 valued at $54,000 after purchasing an additional 142 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $66,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $119.71 on Friday. The stock’s 50 day simple moving average is $115.79 and its 200-day simple moving average is $117.84. The company has a market cap of $16.52 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXPD. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. UBS Group decreased their target price on shares of 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. Susquehanna raised their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Finally, Truist Financial initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective for the company. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In related 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 sale, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.