Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 32.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the transportation company’s stock after selling 2,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Expeditors International of Washington were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Two Sigma Advisers LP grew its stake in shares of Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after acquiring an additional 399,800 shares during the last quarter. KBC Group NV grew its stake in shares of Expeditors International of Washington by 836.7% during the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock worth $37,629,000 after acquiring an additional 303,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 acquiring an additional 257,791 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $11,219,000. Finally, Principal Financial Group Inc. grew its stake in shares of Expeditors International of Washington by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock worth $139,484,000 after acquiring an additional 98,197 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXPD. Stifel Nicolaus dropped their price target on 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. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. UBS Group decreased their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Stock Down 0.8 %

Shares of Expeditors International of Washington stock opened at $117.48 on Thursday. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The business’s fifty day simple moving average is $112.63 and its 200-day simple moving average is $118.39. The firm has a market cap of $16.44 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated 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 in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate 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.