Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Expeditors International of Washington by 8.5%, owning 303,198 shares worth approximately $36.46 million as of its latest SEC filing.
• Institutional investors now own 94.02% of Expeditors International's stock, reflecting significant interest from large financial entities.
• Expeditors International's stock has a current market capitalization of $16.03 billion and is subject to varying analyst ratings, with a consensus price target of $114.22.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303,198 shares of the transportation company's stock after purchasing an additional 23,669 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of Expeditors International of Washington worth $36,460,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in Expeditors International of Washington in the 1st quarter valued at about $26,000. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $25,000. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $37,000. Colonial Trust Co SC lifted its position in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $42,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $1.90 during mid-day trading on Thursday, reaching $120.35. 276,487 shares of the company traded hands, compared to its average volume of 1,374,049. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm's fifty day moving average is $115.38 and its two-hundred day moving average is $114.18.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several research reports. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. TD Cowen lowered their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Truist Financial upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird started coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and an average target price of $114.22.

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.