Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Reduced by Andra AP fonden

Andra AP fonden cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,029 shares of the transportation company’s stock after selling 18,471 shares during the quarter. Andra AP fonden owned about 0.11% of Expeditors International of Washington worth $16,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hara Capital LLC purchased a new position in Expeditors International of Washington in the 3rd quarter worth about $26,000. SRS Capital Advisors Inc. increased its stake in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington in the 4th quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington in the 3rd quarter worth about $57,000. Finally, Maia Wealth LLC purchased a new position in Expeditors International of Washington in the 3rd quarter worth about $59,000. 94.02% of the stock is currently owned by institutional investors.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred 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 approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $126.64 on Friday. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 5.00 and a beta of 1.00. The business has a 50 day simple moving average of $113.45 and a 200 day simple moving average of $118.34. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Analyst Ratings Changes

EXPD has been the topic of a number of analyst reports. Susquehanna lifted 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. Bank of America dropped their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered 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 analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.