Global X Japan Co. Ltd. Buys 948 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Global X Japan Co. Ltd. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 27.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,350 shares of the transportation company’s stock after acquiring an additional 948 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Expeditors International of Washington were worth $482,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares in the last quarter. Marshfield Associates grew its position in shares of Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after acquiring an additional 6,878 shares during the period. Principal Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after purchasing an additional 4,044 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Expeditors International of Washington by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after purchasing an additional 9,007 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target 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. StockNews.com raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. TD Cowen raised their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. 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 on the stock in a research report on Thursday, January 16th. Finally, Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Down 1.1 %

Shares of NASDAQ:EXPD opened at $110.59 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The company’s 50 day moving average price is $113.96 and its two-hundred day moving average price is $119.16. The firm has a market cap of $15.48 billion, a PE ratio of 22.14, a PEG ratio of 3.87 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Company 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.