Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,430 shares of the transportation company’s stock after selling 11,429 shares during the quarter. Tredje AP fonden’s holdings in Expeditors International of Washington were worth $1,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Two Sigma Advisers LP boosted its holdings in Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after purchasing an additional 399,800 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $36,865,000. KBC Group NV boosted its holdings in shares of Expeditors International of Washington by 836.7% in the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after acquiring an additional 303,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Expeditors International of Washington by 12.0% during the third 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 during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $13,008,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $115.29 on Friday. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. The firm’s 50 day simple moving average is $114.45 and its 200 day simple moving average is $118.22. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

Insiders Place Their Bets

In other news, 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 value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on EXPD shares. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Susquehanna increased their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Bank of America decreased 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. UBS Group cut their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.90.

About Expeditors International of Washington

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.