Aster Capital Management DIFC Ltd Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Aster Capital Management DIFC Ltd bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 468 shares of the transportation company’s stock, valued at approximately $52,000.

Several other hedge funds have also made changes to their positions in EXPD. Nutshell Asset Management Ltd acquired a new stake in Expeditors International of Washington in the 4th quarter worth $2,670,000. Wedbush Securities Inc. lifted its holdings in Expeditors International of Washington by 1.1% during the 4th quarter. Wedbush Securities Inc. now owns 22,925 shares of the transportation company’s stock valued at $2,539,000 after purchasing an additional 250 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Expeditors International of Washington by 3.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 864,386 shares of the transportation company’s stock valued at $95,748,000 after purchasing an additional 30,484 shares during the last quarter. Aviva PLC raised its stake in shares of Expeditors International of Washington by 33.5% in the fourth quarter. Aviva PLC now owns 189,881 shares of the transportation company’s stock worth $21,033,000 after acquiring an additional 47,610 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $816,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Susquehanna lifted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Finally, Bank of America decreased their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.90.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 7.0 %

NASDAQ EXPD opened at $109.99 on Thursday. The firm’s fifty day moving average price is $115.41 and its two-hundred day moving average price is $117.08. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The firm has a market capitalization of $15.15 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.

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.