Swedbank AB Has $1.54 Million Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Swedbank AB reduced its stake in Expeditors International of Washington by 41.5%, selling 9,103 shares and holding 12,807 shares worth approximately $1.54 million.
• Several large investors have acquired new stakes in Expeditors International this quarter, with institutional investors owning 94.02% of the company's stock.
• Analysts have varied opinions on the stock, with ratings ranging from "underweight" to "hold," and a consensus price target set at $114.78.

Swedbank AB decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 41.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,807 shares of the transportation company's stock after selling 9,103 shares during the quarter. Swedbank AB's holdings in Expeditors International of Washington were worth $1,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in shares of Expeditors International of Washington by 3.1% during the 4th quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock valued at $426,000 after purchasing an additional 115 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $432,000. NorthRock Partners LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $226,000. Rafferty Asset Management LLC increased its holdings in Expeditors International of Washington by 8.0% in the 4th quarter. Rafferty Asset Management LLC now owns 16,508 shares of the transportation company's stock valued at $1,829,000 after buying an additional 1,228 shares during the period. Finally, State of Wyoming raised its holdings in shares of Expeditors International of Washington by 435.9% in the 4th quarter. State of Wyoming now owns 5,472 shares of the transportation company's stock worth $606,000 after buying an additional 4,451 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on EXPD. Robert W. Baird started 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 target on the stock. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Truist Financial boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. Finally, UBS Group upped their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Reduce" and an average target price of $114.78.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $0.89 on Thursday, hitting $124.06. The company's stock had a trading volume of 1,329,769 shares, compared to its average volume of 1,345,327. The stock's 50 day moving average is $118.62 and its 200-day moving average is $115.39. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company has a market capitalization of $16.84 billion, a PE ratio of 21.69, a PEG ratio of 5.00 and a beta of 1.06.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the 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 in the company, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.69% of the stock is owned by insiders.

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.