BI Asset Management Fondsmaeglerselskab A S Reduces Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

BI Asset Management Fondsmaeglerselskab A S lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 38.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,340 shares of the transportation company’s stock after selling 4,653 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Expeditors International of Washington were worth $813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after purchasing an additional 987,233 shares in the last quarter. Norges Bank purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at $107,863,000. Boston Partners raised its stake in shares of Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the period. First Trust Advisors LP boosted its stake in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $55,036,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Up 0.0 %

NASDAQ EXPD opened at $107.13 on Thursday. The firm has a market cap of $14.76 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a 50-day moving average of $114.61 and a 200-day moving average of $115.85.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXPD. JPMorgan Chase & Co. lowered their price target on shares of 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. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Truist Financial assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target for the company. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Stifel Nicolaus reduced their target price 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. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $115.90.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s 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 transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.