ING Groep NV Has $562,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ING Groep NV decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 48.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,078 shares of the transportation company’s stock after selling 4,797 shares during the quarter. ING Groep NV’s holdings in Expeditors International of Washington were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $57,000. Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $59,000. Finally, Asset Dedication LLC boosted its position in Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD opened at $116.57 on Tuesday. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The business has a 50-day moving average of $112.52 and a 200-day moving average of $118.40. The company has a market capitalization of $16.32 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s 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 transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research reports. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. UBS Group decreased their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $116.56.

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.