Expeditors International of Washington, Inc. $EXPD Stake Reduced by Pensionfund Sabic

Pensionfund Sabic reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock worth $19,343,000 after buying an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Expeditors International of Washington by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock worth $1,971,000 after buying an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Expeditors International of Washington by 17.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock worth $667,000 after buying an additional 834 shares in the last quarter. Brown Advisory Inc. grew its holdings in Expeditors International of Washington by 2.4% in the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock worth $1,249,000 after buying an additional 246 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new position in Expeditors International of Washington in the 1st quarter worth approximately $203,000. 94.02% of the stock is currently owned by institutional investors.

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 on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. 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. Baird R W raised Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. 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. Finally, JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Seven investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $114.78.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $123.61 on Friday. The stock has a fifty day moving average price of $118.17 and a two-hundred day moving average price of $115.24. The firm has a market cap of $16.78 billion, a P/E ratio of 21.61, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

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.