Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by DnB Asset Management AS

DnB Asset Management AS cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,945 shares of the transportation company’s stock after selling 116 shares during the period. DnB Asset Management AS’s holdings in Expeditors International of Washington were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington during the third quarter worth $57,000. TD Private Client Wealth LLC boosted its position in Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after purchasing an additional 142 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at $54,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPD has been the topic of a number of research reports. 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 note on Wednesday, February 19th. Susquehanna raised their price objective 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. JPMorgan Chase & Co. cut their price objective on 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 target price on 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, StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Trading Up 0.5 %

NASDAQ EXPD opened at $120.33 on Tuesday. The business’s 50-day moving average price is $115.99 and its 200 day moving average price is $117.80. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The company has a market capitalization of $16.58 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s 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 completion of the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.69% of the company’s stock.

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.