Korea Investment CORP Acquires 21,600 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Korea Investment CORP boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 30.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 92,153 shares of the transportation company’s stock after purchasing an additional 21,600 shares during the quarter. Korea Investment CORP’s holdings in Expeditors International of Washington were worth $10,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Franklin Resources Inc. lifted its holdings in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington during the 3rd quarter valued at $4,363,000. Pensionfund Sabic bought a new stake in Expeditors International of Washington in the 4th quarter valued at $1,329,000. Drystone LLC acquired a new stake in Expeditors International of Washington in the 4th quarter worth $5,925,000. Finally, Allworth Financial LP increased its holdings in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after purchasing an additional 1,216 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $120.33 on Tuesday. The firm has a market cap of $16.58 billion, a P/E ratio of 21.04, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm has a 50 day simple moving average of $115.99 and a 200 day simple moving average of $117.80.

Analyst Ratings Changes

EXPD has been the topic of a number of recent research reports. UBS Group decreased their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective 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. 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 for the company. Bank of America decreased their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Susquehanna upped their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $115.90.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.