National Pension Service Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

National Pension Service decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,833 shares of the transportation company's stock after selling 3,224 shares during the quarter. National Pension Service owned about 0.17% of Expeditors International of Washington worth $26,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its position in shares of Expeditors International of Washington by 42.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 136,604 shares of the transportation company's stock worth $15,132,000 after acquiring an additional 40,381 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Expeditors International of Washington by 5.8% in the fourth 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. Black Diamond Financial LLC lifted its position in Expeditors International of Washington by 15.3% during the fourth quarter. Black Diamond Financial LLC now owns 2,016 shares of the transportation company's stock valued at $223,000 after buying an additional 268 shares during the period. Allianz Asset Management GmbH lifted its position in Expeditors International of Washington by 29.0% during the fourth quarter. Allianz Asset Management GmbH now owns 296,545 shares of the transportation company's stock valued at $32,848,000 after buying an additional 66,601 shares during the period. Finally, Tandem Investment Advisors Inc. boosted its stake in Expeditors International of Washington by 2.1% during the fourth quarter. Tandem Investment Advisors Inc. now owns 369,229 shares of the transportation company's stock worth $40,900,000 after acquiring an additional 7,516 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

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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 completion of the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXPD shares. TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Bank of America decreased their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on 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. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $116.56.

Expeditors International of Washington Trading Up 0.0 %

EXPD stock traded up $0.04 during trading on Wednesday, reaching $118.17. The stock had a trading volume of 1,462,352 shares, compared to its average volume of 1,237,615. The firm has a market cap of $16.31 billion, a PE ratio of 20.66, a PEG ratio of 5.00 and a beta of 0.98. The stock's 50 day moving average is $113.12 and its two-hundred day moving average is $118.33. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

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.