Daiwa Securities Group Inc. Raises Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Daiwa Securities Group Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,592 shares of the transportation company’s stock after purchasing an additional 1,307 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Expeditors International of Washington were worth $2,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 during the last quarter. Marshfield Associates raised its stake in Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after buying an additional 6,878 shares during the last quarter. Amundi raised its stake in Expeditors International of Washington by 0.6% in the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock valued at $163,653,000 after buying an additional 8,101 shares during the last quarter. Principal Financial Group Inc. raised its stake in Expeditors International of Washington by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after buying an additional 98,197 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Expeditors International of Washington by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock valued at $108,997,000 after buying an additional 53,738 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 1.0 %

Expeditors International of Washington stock opened at $115.29 on Friday. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The business’s 50-day moving average price is $114.45 and its 200 day moving average price is $118.22.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on 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. UBS Group cut their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Truist Financial initiated coverage on Expeditors International of Washington in a report on Thursday. They issued a “hold” rating and a $110.00 price objective on the stock. Finally, StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $115.90.

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.