KLP Kapitalforvaltning AS Takes $14.91 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

KLP Kapitalforvaltning AS bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 134,602 shares of the transportation company's stock, valued at approximately $14,910,000. KLP Kapitalforvaltning AS owned approximately 0.10% of Expeditors International of Washington as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXPD. Charles Schwab Investment Management Inc. grew its stake in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after buying an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington in the third quarter worth approximately $4,363,000. Pensionfund Sabic bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $1,329,000. Finally, Drystone LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $5,925,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's 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 completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company's stock.

Remove Ads

Expeditors International of Washington Price Performance

Shares of EXPD traded down $0.51 on Friday, hitting $119.78. The company's stock had a trading volume of 73,696 shares, compared to its average volume of 1,364,836. The company has a 50 day moving average price of $115.60 and a 200 day moving average price of $117.89. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a market capitalization of $16.53 billion, a PE ratio of 20.94, a PEG ratio of 5.00 and a beta of 1.00.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Truist Financial began coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 price objective for the company. Susquehanna raised their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average target price of $115.90.

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.