134,602 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 134,602 shares of the transportation company’s stock, valued at approximately $14,910,000. KLP Kapitalforvaltning AS owned approximately 0.10% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its holdings in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the 4th quarter worth about $39,000. TD Private Client Wealth LLC increased its stake in Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after acquiring an additional 142 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington in the 3rd quarter worth about $57,000. Finally, Intact Investment Management Inc. bought a new position in Expeditors International of Washington in the 4th quarter worth about $66,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $116.19 on Monday. The stock has a market capitalization of $16.04 billion, a PE ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The business has a 50-day moving average of $114.97 and a 200 day moving average of $117.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial assumed coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price on the stock. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Stifel Nicolaus decreased 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. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $115.90.

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.