Mirae Asset Global Investments Co. Ltd. Has $10.09 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 90,953 shares of the transportation company’s stock after acquiring an additional 5,480 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Expeditors International of Washington were worth $10,090,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the 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 in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $110.59 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The firm has a 50 day moving average price of $113.96 and a two-hundred day moving average price of $119.16. The stock has a market cap of $15.48 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue was up 37.0% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent analyst reports. Bank of America cut their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays upped their price target 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. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $117.44.

About Expeditors International of Washington

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.