Expeditors International of Washington, Inc. (NASDAQ:EXPD) Holdings Cut by Andra AP fonden

Andra AP fonden cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,029 shares of the transportation company's stock after selling 18,471 shares during the quarter. Andra AP fonden owned about 0.11% of Expeditors International of Washington worth $16,619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after purchasing an additional 257,791 shares during the last quarter. Marshfield Associates lifted its position in shares of Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company's stock valued at $238,889,000 after acquiring an additional 6,878 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Expeditors International of Washington by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company's stock valued at $139,484,000 after acquiring an additional 98,197 shares during the last quarter. Bank of New York Mellon Corp increased its position in Expeditors International of Washington by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company's stock worth $108,997,000 after purchasing an additional 53,738 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Expeditors International of Washington by 8.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 904,737 shares of the transportation company's stock valued at $100,218,000 after purchasing an additional 71,127 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on EXPD shares. 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 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 downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. JPMorgan Chase & Co. cut 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 note on Wednesday, February 19th. Finally, UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $116.56.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $0.41 during trading hours on Wednesday, reaching $117.03. The company had a trading volume of 1,843,211 shares, compared to its average volume of 1,332,128. The stock's fifty day simple moving average is $114.12 and its 200 day simple moving average is $118.30. The company has a market capitalization of $16.15 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington 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.