AlphaQuest LLC Raises Stake in Expeditors International of Washington, Inc. $EXPD

AlphaQuest LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,910 shares of the transportation company’s stock after acquiring an additional 571 shares during the quarter. AlphaQuest LLC’s holdings in Expeditors International of Washington were worth $218,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Expeditors International of Washington by 23.4% in the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after buying an additional 576,468 shares in the last quarter. Boston Partners grew its stake in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after buying an additional 498,212 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Expeditors International of Washington by 516.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after buying an additional 482,814 shares during the last quarter. Nuveen LLC purchased a new position in Expeditors International of Washington during the 1st quarter worth approximately $43,816,000. Finally, Epoch Investment Partners Inc. grew its stake in Expeditors International of Washington by 26.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,013,337 shares of the transportation company’s stock worth $121,854,000 after buying an additional 209,847 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 1.5%

Shares of EXPD opened at $121.98 on Monday. The company has a 50-day simple moving average of $120.72 and a 200-day simple moving average of $116.50. The company has a market capitalization of $16.56 billion, a PE ratio of 21.33, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $129.15.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on EXPD shares. Barclays upped 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 report on Thursday, September 11th. Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research report on Friday, October 10th. Bank of America downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price target for the company from $117.00 to $118.00 in a research report on Friday, July 11th. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Finally, UBS Group upped their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $114.44.

Expeditors International of Washington Company 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.