Mirae Asset Global Investments Co. Ltd. Has $10.09 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mirae Asset Global Investments Co. Ltd. grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,953 shares of the transportation company’s stock after purchasing an additional 5,480 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Expeditors International of Washington worth $10,090,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Czech National Bank raised its holdings in shares of Expeditors International of Washington by 6.8% during the third quarter. Czech National Bank now owns 28,749 shares of the transportation company’s stock worth $3,778,000 after acquiring an additional 1,819 shares during the period. GAMMA Investing LLC raised its holdings in shares of Expeditors International of Washington by 15.2% during the third quarter. GAMMA Investing LLC now owns 3,467 shares of the transportation company’s stock worth $456,000 after acquiring an additional 457 shares during the period. CWM LLC raised its holdings in shares of Expeditors International of Washington by 9.3% during the third quarter. CWM LLC now owns 10,759 shares of the transportation company’s stock worth $1,414,000 after acquiring an additional 913 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after acquiring an additional 300 shares during the period. Finally, Simplicity Wealth LLC raised its holdings in shares of Expeditors International of Washington by 63.8% during the third quarter. Simplicity Wealth LLC now owns 6,972 shares of the transportation company’s stock worth $916,000 after acquiring an additional 2,715 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXPD shares. StockNews.com upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. 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 research note on Thursday, January 23rd. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Bank of America lowered their price target on shares of 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. Finally, TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $110.59 on Friday. The firm has a 50-day moving average of $113.96 and a 200-day moving average of $119.16. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The company has a market cap of $15.48 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. Analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

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.