Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 38.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,340 shares of the transportation company's stock after selling 4,653 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Expeditors International of Washington were worth $813,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. lifted its position in 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 worth $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $39,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $52,000. TD Private Client Wealth LLC boosted its position in Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock valued at $54,000 after buying an additional 142 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Expeditors International of Washington in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Down 0.7 %

Shares of EXPD stock traded down $0.71 during trading hours on Tuesday, hitting $107.98. 153,268 shares of the company's stock were exchanged, compared to its average volume of 1,271,337. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm has a market cap of $14.88 billion, a P/E ratio of 18.90, a P/E/G ratio of 5.00 and a beta of 1.03. The firm has a 50 day moving average of $114.21 and a two-hundred day moving average of $115.52.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 sale, the vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced 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 note on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, Susquehanna lifted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $115.40.

Expeditors International of Washington Company 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.