Nomura Asset Management Co. Ltd. Has $43.18 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.3% in the fourth quarter, HoldingsChannel reports. The fund owned 389,836 shares of the transportation company’s stock after buying an additional 42,823 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $43,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EXPD. Franklin Resources Inc. lifted its position in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington in the 3rd quarter valued at approximately $4,363,000. Pensionfund Sabic purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $1,329,000. Drystone LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $5,925,000. Finally, Allworth Financial LP boosted its stake in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after buying an additional 1,216 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent research reports. UBS Group cut their price objective on 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. JPMorgan Chase & Co. cut 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. Truist Financial started coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target for the company. Susquehanna raised their price objective 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, Stifel Nicolaus decreased their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Trading Down 0.5 %

NASDAQ:EXPD opened at $119.71 on Friday. The firm has a market capitalization of $16.52 billion, a PE ratio of 20.93, a PEG 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. The firm’s fifty day simple moving average is $115.79 and its 200 day simple moving average is $117.87.

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.