Expeditors International of Washington, Inc. $EXPD Shares Sold by Pensionfund Sabic

Pensionfund Sabic lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% in the first quarter, Holdings Channel.com reports. The fund owned 11,300 shares of the transportation company’s stock after selling 700 shares during the quarter. Pensionfund Sabic’s holdings in Expeditors International of Washington were worth $1,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $30,000. Garde Capital Inc. acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $37,000. Ransom Advisory Ltd acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $41,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $123.61 on Friday. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company’s fifty day moving average price is $118.17 and its two-hundred day moving average price is $115.24.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EXPD shares. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. UBS Group increased their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Bank of America lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price objective for the company. Finally, Truist Financial increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, June 30th. Seven equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $114.78.

Insider Buying and Selling

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