Oxford Asset Management LLP Buys Shares of 5,254 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Oxford Asset Management LLP acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,254 shares of the transportation company's stock, valued at approximately $582,000.

A number of other institutional investors have also added to or reduced their stakes in EXPD. Azimuth Capital Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 4.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after buying an additional 100 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Expeditors International of Washington by 3.5% in the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after buying an additional 103 shares during the last quarter. Chapman Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 0.6% in the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after buying an additional 112 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after purchasing an additional 113 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock worth $86,000 after purchasing an additional 114 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EXPD. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lowered their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, Bank of America lowered their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $115.40.

Expeditors International of Washington Price Performance

EXPD stock traded up $1.13 during mid-day trading on Wednesday, reaching $109.49. 1,323,886 shares of the company's stock were exchanged, compared to its average volume of 1,270,790. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The stock's 50 day moving average is $114.03 and its 200 day moving average is $115.47. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Insiders Place Their Bets

In other Expeditors International of Washington 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 transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

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.