Skandinaviska Enskilda Banken AB publ Has $3.64 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Skandinaviska Enskilda Banken AB publ reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 67.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,840 shares of the transportation company's stock after selling 67,400 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Expeditors International of Washington were worth $3,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EXPD. Two Sigma Advisers LP lifted its stake in shares of Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after acquiring an additional 399,800 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $36,865,000. KBC Group NV raised its holdings in shares of 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 purchasing an additional 303,438 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Expeditors International of Washington by 12.0% in 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 in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $13,008,000. 94.02% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded down $0.74 during midday trading on Thursday, reaching $115.66. 1,296,747 shares of the company's stock traded hands, compared to its average volume of 1,167,692. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The company's 50 day simple moving average is $114.76 and its 200 day simple moving average is $118.07. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Analysts Set New Price Targets

A number of analysts recently commented on EXPD shares. Susquehanna boosted their target price 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. 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. UBS Group reduced their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus reduced their price target on shares of 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, StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the company 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.