Korea Investment CORP Buys 21,600 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Korea Investment CORP lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,153 shares of the transportation company's stock after buying an additional 21,600 shares during the quarter. Korea Investment CORP owned about 0.07% of Expeditors International of Washington worth $10,208,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in Expeditors International of Washington by 18.9% during the third 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. bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $4,363,000. Pensionfund Sabic bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $1,329,000. Drystone LLC acquired a new stake in Expeditors International of Washington in the 4th quarter worth approximately $5,925,000. Finally, Allworth Financial LP boosted its position in Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Buying and Selling

In related 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 completion of the transaction, the vice president now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EXPD shares. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. UBS Group lowered their price target on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Bank of America cut their price objective 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. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and an average price target of $115.90.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded down $1.66 during trading on Friday, hitting $109.00. 2,114,555 shares of the stock were exchanged, compared to its average volume of 1,260,889. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1-year low of $107.17 and a 1-year high of $131.59. The company's fifty day simple moving average is $116.22 and its 200-day simple moving average is $117.67.

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.