Skandinaviska Enskilda Banken AB publ Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Skandinaviska Enskilda Banken AB publ reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 67.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,840 shares of the transportation company’s stock after selling 67,400 shares during the quarter. 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 modified their holdings of EXPD. SRS Capital Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $57,000. Asset Dedication LLC lifted its stake in Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after purchasing an additional 503 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Expeditors International of Washington by 11.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company’s stock worth $147,000 after purchasing an additional 140 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $115.29 on Monday. The company has a market capitalization of $15.91 billion, a P/E ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. The company has a fifty day moving average of $114.45 and a 200-day moving average of $118.16. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXPD. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Susquehanna increased 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 research note on Monday, March 3rd. Truist Financial began coverage on shares of Expeditors International of Washington in a research note on Thursday. They issued a “hold” rating and a $110.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Finally, UBS Group lowered their price objective on shares of 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. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $115.90.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’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 completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

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.