Tredje AP fonden Sells 8,132 Shares of Expeditors International of Washington, Inc. $EXPD

Tredje AP fonden lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 71.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,298 shares of the transportation company’s stock after selling 8,132 shares during the quarter. Tredje AP fonden’s holdings in Expeditors International of Washington were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPD. Vermillion & White Wealth Management Group LLC boosted its stake in Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Expeditors International of Washington in the second quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth about $43,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth about $43,000. Finally, Addison Advisors LLC grew its holdings in shares of Expeditors International of Washington by 79.1% during the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after buying an additional 170 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the topic of several research reports. TD Cowen boosted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their target price for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, Truist Financial boosted their price target on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $134.10.

Expeditors International of Washington Trading Down 4.4%

NASDAQ:EXPD opened at $149.36 on Tuesday. The stock has a market capitalization of $20.02 billion, a PE ratio of 26.11, a P/E/G ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19. The firm has a fifty day simple moving average of $156.14 and a 200 day simple moving average of $138.08.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.