Norges Bank Makes New $107.86 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Norges Bank bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 973,752 shares of the transportation company's stock, valued at approximately $107,863,000. Norges Bank owned 0.70% of Expeditors International of Washington at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its stake in shares of Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after acquiring an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its holdings in Expeditors International of Washington by 0.6% in the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after purchasing an additional 112 shares during the period. OLD National Bancorp IN increased its stake in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock valued at $86,000 after purchasing an additional 114 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Expeditors International of Washington by 1.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company's stock worth $824,000 after purchasing an additional 125 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Down 1.5 %

Expeditors International of Washington stock traded down $1.66 during midday trading on Friday, hitting $109.00. 2,114,555 shares of the stock were exchanged, compared to its average volume of 1,260,889. Expeditors International of Washington, Inc. has a 52-week low of $107.17 and a 52-week high of $131.59. The business's 50-day moving average price is $116.22 and its 200-day moving average price is $117.63. The stock 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.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Susquehanna upped their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. UBS Group lowered their target price 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. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. Bank of America lowered their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Truist Financial assumed coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They set a "hold" rating and a $110.00 price objective for the company. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of "Hold" and a consensus price target of $115.90.

Expeditors International of Washington Company 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.