National Pension Service Sells 216,980 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• The National Pension Service significantly reduced its stake in Expeditors International of Washington by 91.6%, now holding only 19,853 shares worth approximately $2.39 million.
• Several institutional investors, including Invesco Ltd. and First Trust Advisors, have increased their holdings in the company, highlighting ongoing interest from large investment firms.
• Research firms have mixed opinions on the stock, with five analysts issuing a sell rating and a consensus target price of $114.22, indicating caution among market analysts.

National Pension Service lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 91.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,853 shares of the transportation company's stock after selling 216,980 shares during the period. National Pension Service's holdings in Expeditors International of Washington were worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC bought a new position in Expeditors International of Washington during the fourth quarter worth about $25,000. Alpine Bank Wealth Management bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $30,000. Garde Capital Inc. bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $37,000. Finally, Colonial Trust Co SC increased its position in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after buying an additional 130 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 2.4%

Shares of NASDAQ:EXPD traded up $2.80 during mid-day trading on Friday, reaching $121.21. 278,502 shares of the stock were exchanged, compared to its average volume of 1,359,914. The company has a market cap of $16.45 billion, a P/E ratio of 21.17, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The stock's 50 day simple moving average is $116.15 and its 200-day simple moving average is $114.43.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president directly owned 7,651 shares of the company's stock, valued at $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective for the company. TD Cowen lowered their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price target for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Finally, Truist Financial lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $114.22.

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.