National Pension Service Has $4.90 Million Position in Expeditors International of Washington, Inc. $EXPD

National Pension Service increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 84.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,986 shares of the transportation company’s stock after acquiring an additional 18,319 shares during the quarter. National Pension Service’s holdings in Expeditors International of Washington were worth $4,902,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EXPD. Ascent Group LLC raised its holdings in shares of Expeditors International of Washington by 237.3% in the third quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock valued at $1,265,000 after purchasing an additional 7,257 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its position in Expeditors International of Washington by 18.0% in the second quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock valued at $8,136,000 after purchasing an additional 10,858 shares in the last quarter. American Century Companies Inc. increased its stake in Expeditors International of Washington by 48.0% in the 2nd quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after buying an additional 118,114 shares during the last quarter. Nordea Investment Management AB lifted its position in Expeditors International of Washington by 7.4% during the 3rd quarter. Nordea Investment Management AB now owns 648,101 shares of the transportation company’s stock worth $78,867,000 after buying an additional 44,849 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Expeditors International of Washington by 7.2% during the 2nd quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock worth $9,437,000 after buying an additional 5,537 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Morgan Stanley increased their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Barclays boosted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. TD Cowen increased their price target on shares of 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. Finally, Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $134.10.

Insider Activity

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Price Performance

EXPD opened at $162.20 on Wednesday. The business has a fifty day simple moving average of $154.54 and a 200 day simple moving average of $134.21. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $167.19. The company has a market capitalization of $21.74 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14.

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.