Trexquant Investment LP Buys 102,034 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Trexquant Investment LP increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 154.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,946 shares of the transportation company’s stock after buying an additional 102,034 shares during the quarter. Trexquant Investment LP’s holdings in Expeditors International of Washington were worth $18,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. lifted its position in shares of Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Expeditors International of Washington in the third quarter worth $4,363,000. Pensionfund Sabic purchased a new position in Expeditors International of Washington in the fourth quarter worth $1,329,000. Drystone LLC bought a new position in Expeditors International of Washington in the 4th quarter valued at $5,925,000. Finally, Allworth Financial LP increased its position 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 purchasing an additional 1,216 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $120.33 on Tuesday. The firm has a market capitalization of $16.58 billion, a P/E ratio of 21.04, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The business has a fifty day moving average price of $115.99 and a 200-day moving average price of $117.80.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Stifel Nicolaus lowered their price target on shares of 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. Susquehanna upped their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $115.90.

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.