Fox Run Management L.L.C. Takes $579,000 Position in Expeditors International of Washington (EXPD)

Fox Run Management L.L.C. bought a new position in shares of Expeditors International of Washington (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,954 shares of the transportation company’s stock, valued at approximately $579,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its stake in shares of Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 1,900 shares during the last quarter. Merriman Wealth Management LLC bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $208,000. Virtu Financial LLC bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $212,000. Sigma Planning Corp bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $216,000. Finally, Visionary Asset Management Inc. acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $217,000. Institutional investors own 93.26% of the company’s stock.

Shares of Expeditors International of Washington (NASDAQ EXPD) traded up $0.55 during trading on Wednesday, reaching $63.67. The company had a trading volume of 1,253,239 shares, compared to its average volume of 1,122,721. The company has a market cap of $11,083.32, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64. Expeditors International of Washington has a twelve month low of $51.96 and a twelve month high of $67.54.

Several equities research analysts recently weighed in on the company. Credit Suisse Group raised their price objective on Expeditors International of Washington from $56.00 to $63.00 and gave the company an “underperform” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Friday, January 19th. Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 target price on shares of Expeditors International of Washington in a report on Thursday, January 18th. Barclays reaffirmed a “buy” rating and set a $70.00 target price on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Finally, BidaskClub downgraded Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $63.38.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.78% of the company’s stock.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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