ING Groep NV Sells 4,797 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ING Groep NV reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,078 shares of the transportation company’s stock after selling 4,797 shares during the period. ING Groep NV’s holdings in Expeditors International of Washington were worth $562,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC increased its position in Expeditors International of Washington by 5.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,951 shares of the transportation company’s stock worth $327,000 after buying an additional 148 shares during the period. Advyzon Investment Management LLC bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $287,000. Ieq Capital LLC increased its position in Expeditors International of Washington by 8.0% in the 4th quarter. Ieq Capital LLC now owns 14,056 shares of the transportation company’s stock worth $1,557,000 after buying an additional 1,045 shares during the period. Chapman Investment Management LLC increased its position in Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after buying an additional 112 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $39,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $116.57 on Tuesday. The stock’s fifty day simple moving average is $112.52 and its 200 day simple moving average is $118.40. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction 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 transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 transaction, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on EXPD shares. TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Bank of America decreased their price objective 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. UBS Group decreased 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, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $116.56.

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.