Tredje AP fonden Sells 11,429 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tredje AP fonden trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,430 shares of the transportation company's stock after selling 11,429 shares during the quarter. Tredje AP fonden's holdings in Expeditors International of Washington were worth $1,266,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC lifted its holdings in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after acquiring an additional 112 shares during the last quarter. OLD National Bancorp IN grew its holdings in Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after buying an additional 113 shares in the last quarter. Lindenwold Advisors INC grew its holdings in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock valued at $2,196,000 after buying an additional 114 shares in the last quarter. Finally, Guardian Wealth Advisors LLC grew its holdings in Expeditors International of Washington by 5.9% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company's stock valued at $269,000 after buying an additional 115 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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Expeditors International of Washington Stock Down 0.7 %

Expeditors International of Washington stock traded down $0.80 during mid-day trading on Wednesday, reaching $116.40. 1,099,286 shares of the company's stock were exchanged, compared to its average volume of 1,167,364. The business's fifty day simple moving average is $114.69 and its 200 day simple moving average is $118.08. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a market capitalization of $16.07 billion, a PE ratio of 20.35, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXPD. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, UBS Group cut their price target on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to 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.