Point72 Hong Kong Ltd purchased a new position in shares of Expeditors International of Washington (NASDAQ:EXPD) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,763 shares of the transportation company’s stock, valued at approximately $294,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors increased its stake in Expeditors International of Washington by 284.0% in the 4th quarter. Captrust Financial Advisors now owns 3,683 shares of the transportation company’s stock worth $289,000 after acquiring an additional 2,724 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Expeditors International of Washington by 249.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 42,297 shares of the transportation company’s stock worth $3,300,000 after purchasing an additional 30,176 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $57,000. AQR Capital Management LLC increased its position in Expeditors International of Washington by 7.4% in the 4th quarter. AQR Capital Management LLC now owns 594,978 shares of the transportation company’s stock valued at $46,420,000 after acquiring an additional 40,984 shares during the period. Finally, Ancora Advisors LLC increased its position in Expeditors International of Washington by 2.1% in the 4th quarter. Ancora Advisors LLC now owns 24,223 shares of the transportation company’s stock valued at $1,890,000 after acquiring an additional 505 shares during the period. 92.76% of the stock is owned by institutional investors and hedge funds.

EXPD has been the subject of a number of research analyst reports. Credit Suisse Group dropped their price objective on Expeditors International of Washington from $70.00 to $68.00 and set an “underperform” rating for the company in a report on Tuesday, January 21st. Barclays restated a “hold” rating and set a $81.00 price target on shares of Expeditors International of Washington in a report on Sunday, January 19th. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $78.00 price target on the stock. in a report on Tuesday, December 3rd. UBS Group raised their price target on shares of Expeditors International of Washington from $66.00 to $68.00 and gave the company a “sell” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley raised their price target on shares of Expeditors International of Washington from $61.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $73.40.

In related news, VP Christopher J. Mcclincy sold 920 shares of Expeditors International of Washington stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $72.68, for a total value of $66,865.60. Following the transaction, the vice president now owns 22,693 shares in the company, valued at approximately $1,649,327.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard H. Rostan sold 3,661 shares of Expeditors International of Washington stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.93, for a total transaction of $274,318.73. Following the completion of the transaction, the insider now owns 63,790 shares in the company, valued at approximately $4,779,784.70. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Shares of Expeditors International of Washington stock traded up $1.31 during midday trading on Wednesday, reaching $64.40. 2,102,909 shares of the company’s stock traded hands, compared to its average volume of 1,929,862. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 18.89 and a beta of 0.86. The company’s 50 day simple moving average is $69.27 and its 200 day simple moving average is $73.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.37 and a current ratio of 2.37. Expeditors International of Washington has a 52 week low of $52.55 and a 52 week high of $81.64.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 18th. The transportation company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.14 billion. Expeditors International of Washington had a return on equity of 27.53% and a net margin of 7.23%. The business’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 EPS. As a group, equities research analysts predict that Expeditors International of Washington will post 3.47 earnings per share for the current year.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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