Norinchukin Bank The Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Norinchukin Bank The grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,808 shares of the transportation company’s stock after buying an additional 1,234 shares during the quarter. Norinchukin Bank The’s holdings in Expeditors International of Washington were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EXPD. Barclays PLC lifted its position in Expeditors International of Washington by 2.4% during the third quarter. Barclays PLC now owns 571,548 shares of the transportation company’s stock valued at $75,099,000 after purchasing an additional 13,479 shares during the period. SkyView Investment Advisors LLC lifted its position in Expeditors International of Washington by 5.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,421 shares of the transportation company’s stock valued at $712,000 after purchasing an additional 277 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $222,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington in the third quarter worth approximately $57,000. Finally, Synovus Financial Corp increased its stake in Expeditors International of Washington by 98.2% in the 3rd quarter. Synovus Financial Corp now owns 6,975 shares of the transportation company’s stock worth $917,000 after buying an additional 3,456 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EXPD shares. Truist Financial started coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective on the stock. Bank of America lowered their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Susquehanna boosted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average price target of $115.90.

Expeditors International of Washington Trading Down 1.8 %

EXPD stock opened at $104.73 on Tuesday. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 5.00 and a beta of 1.03. The firm has a 50-day moving average of $114.85 and a two-hundred day moving average of $115.97. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

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.