SRN Advisors LLC Purchases New Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SRN Advisors LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,326 shares of the transportation company’s stock, valued at approximately $922,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington during the fourth quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington in the third quarter worth $57,000. Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington in the third quarter valued at $59,000. Finally, Asset Dedication LLC lifted its position in shares of Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after buying an additional 503 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction 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 directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. UBS Group cut their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Stifel Nicolaus dropped their target price 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. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $117.48 on Thursday. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 5.00 and a beta of 0.98. The stock has a fifty day moving average of $112.63 and a 200 day moving average of $118.39. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.

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.