Expeditors International of Washington, Inc. $EXPD Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,002 shares of the transportation company’s stock after purchasing an additional 900 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.07% of Expeditors International of Washington worth $11,425,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC raised its stake in Expeditors International of Washington by 14.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 1,939 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 249 shares during the last quarter. Simplicity Wealth LLC raised its stake in Expeditors International of Washington by 28.1% in the 2nd quarter. Simplicity Wealth LLC now owns 8,064 shares of the transportation company’s stock valued at $921,000 after purchasing an additional 1,767 shares during the last quarter. Berger Financial Group Inc raised its stake in Expeditors International of Washington by 0.8% in the 2nd quarter. Berger Financial Group Inc now owns 50,652 shares of the transportation company’s stock valued at $5,787,000 after purchasing an additional 404 shares during the last quarter. Trinity Legacy Partners LLC raised its stake in Expeditors International of Washington by 1.1% in the 2nd quarter. Trinity Legacy Partners LLC now owns 34,305 shares of the transportation company’s stock valued at $3,874,000 after purchasing an additional 384 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. raised its stake in Expeditors International of Washington by 1.1% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 33,404 shares of the transportation company’s stock valued at $3,816,000 after purchasing an additional 365 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 3.8%

Shares of NASDAQ:EXPD opened at $116.12 on Friday. The business has a 50-day moving average price of $120.82 and a 200 day moving average price of $115.76. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $129.15.

Analyst Ratings Changes

A number of brokerages have issued reports on EXPD. UBS Group raised their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Robert W. Baird began coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 target price for the company. Finally, Truist Financial raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, June 30th. Seven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Reduce” and a consensus price target of $114.78.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’s stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

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.