Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 32.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the transportation company’s stock after selling 2,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Expeditors International of Washington were worth $554,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EXPD. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $57,000. Maia Wealth LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $59,000. Finally, Asset Dedication LLC boosted its stake in Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after purchasing an additional 503 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated 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 owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Expeditors International of Washington Trading Down 0.8 %

NASDAQ:EXPD opened at $117.48 on Thursday. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. The stock has a fifty day simple moving average of $112.63 and a 200-day simple moving average of $118.39.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXPD. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $116.56.

About Expeditors International of Washington

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.