Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Lessened by ING Groep NV

ING Groep NV reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,078 shares of the transportation company's stock after selling 4,797 shares during the period. ING Groep NV's holdings in Expeditors International of Washington were worth $562,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its stake in shares of Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock valued at $56,042,000 after buying an additional 399,800 shares in the last quarter. KBC Group NV boosted its holdings in Expeditors International of Washington by 836.7% in the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock worth $37,629,000 after acquiring an additional 303,438 shares during the period. International Assets Investment Management LLC grew its position in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock valued at $35,067,000 after acquiring an additional 265,111 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Expeditors International of Washington by 12.0% during the third 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 valued at $315,485,000 after purchasing an additional 257,791 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $11,219,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares of the company's stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent analyst reports. Bank of America lowered their price target 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. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Finally, Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus price target of $116.56.

Expeditors International of Washington Stock Up 0.2 %

EXPD stock traded up $0.21 during trading on Friday, hitting $117.26. 2,669,151 shares of the company's stock traded hands, compared to its average volume of 1,211,600. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The stock has a fifty day moving average price of $112.71 and a two-hundred day moving average price of $118.37.

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.