Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 74.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,280 shares of the transportation company's stock after purchasing an additional 3,102 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Expeditors International of Washington were worth $806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Expeditors International of Washington by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,031 shares of the transportation company's stock valued at $2,106,000 after acquiring an additional 180 shares in the last quarter. Blue Trust Inc. raised its position in Expeditors International of Washington by 106.9% during the third quarter. Blue Trust Inc. now owns 2,257 shares of the transportation company's stock valued at $282,000 after acquiring an additional 1,166 shares in the last quarter. Raymond James & Associates raised its position in Expeditors International of Washington by 2.2% during the third quarter. Raymond James & Associates now owns 274,813 shares of the transportation company's stock valued at $36,110,000 after acquiring an additional 6,014 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after acquiring an additional 308,390 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Expeditors International of Washington by 6.9% during the third quarter. Sequoia Financial Advisors LLC now owns 2,744 shares of the transportation company's stock valued at $361,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company's stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD traded down $0.82 during trading hours on Friday, hitting $116.44. 2,811,278 shares of the stock were exchanged, compared to its average volume of 1,120,276. The stock's 50-day moving average price is $112.58 and its two-hundred day moving average price is $118.43. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

Analyst Ratings Changes

Several brokerages recently weighed in on EXPD. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday. Bank of America reduced their price target 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. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research report on Wednesday. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Finally, Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $116.56.

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.