Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 74.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,280 shares of the transportation company’s stock after acquiring an additional 3,102 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Expeditors International of Washington were worth $806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Two Sigma Advisers LP boosted its stake in Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after acquiring an additional 399,800 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after acquiring an additional 308,390 shares in the last quarter. KBC Group NV boosted its stake in Expeditors International of Washington by 836.7% in the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after acquiring an additional 303,438 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after acquiring an additional 265,111 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after acquiring an additional 257,791 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of several research analyst reports. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday. TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Four investment 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, the stock has an average rating of “Hold” and a consensus price target of $117.44.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Up 4.0 %

NASDAQ EXPD opened at $118.24 on Wednesday. The stock has a market capitalization of $16.55 billion, a P/E ratio of 23.05, a P/E/G ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The firm has a 50-day moving average price of $112.72 and a 200 day moving average price of $118.45.

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.