Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by AIA Group Ltd

AIA Group Ltd grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 701.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,449 shares of the transportation company's stock after buying an additional 12,646 shares during the period. AIA Group Ltd's holdings in Expeditors International of Washington were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of EXPD. Norges Bank acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $133,106,000. Renaissance Technologies LLC raised its position in Expeditors International of Washington by 1,025.5% in the 1st quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company's stock valued at $102,192,000 after buying an additional 902,600 shares during the last quarter. Select Equity Group L.P. raised its position in Expeditors International of Washington by 388.0% in the 4th quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company's stock valued at $69,644,000 after buying an additional 532,835 shares during the last quarter. Bank of America Corp DE raised its position in Expeditors International of Washington by 16.2% in the 1st quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company's stock valued at $385,481,000 after buying an additional 488,561 shares during the last quarter. Finally, Invesco Ltd. raised its position in Expeditors International of Washington by 11.2% in the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company's stock valued at $311,208,000 after buying an additional 273,388 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the business's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares of the company's stock, valued at approximately $702,424.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Down 0.2 %

Shares of NASDAQ:EXPD traded down $0.20 during trading on Friday, reaching $114.56. 3,321,042 shares of the company traded hands, compared to its average volume of 1,176,358. The company's 50 day moving average is $120.04 and its two-hundred day moving average is $120.55. The firm has a market capitalization of $16.25 billion, a PE ratio of 23.01, a PEG ratio of 8.45 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52 week low of $106.43 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.12). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business's revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 earnings per share. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EXPD shares. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, April 9th. BNP Paribas lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and set a $116.00 target price on the stock. in a research report on Thursday, January 11th. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a "hold" rating in a research report on Wednesday, January 10th. Finally, Bank of America began coverage on Expeditors International of Washington in a research report on Friday, March 15th. They set a "neutral" rating and a $126.00 price target on the stock. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $108.63.

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.