Achmea Investment Management B.V. Has $6.82 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Achmea Investment Management B.V. cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 50.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,517 shares of the transportation company’s stock after selling 63,780 shares during the period. Achmea Investment Management B.V.’s holdings in Expeditors International of Washington were worth $6,815,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Expeditors International of Washington by 12.0% during the 3rd 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 worth $315,485,000 after acquiring an additional 257,791 shares during the last quarter. Marshfield Associates boosted its stake in Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after purchasing an additional 6,878 shares in the last quarter. Amundi grew its holdings in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock worth $163,653,000 after purchasing an additional 8,101 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after buying an additional 98,197 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Expeditors International of Washington by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock valued at $108,997,000 after buying an additional 53,738 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 0.6 %

Shares of Expeditors International of Washington stock opened at $116.44 on Friday. The business has a fifty day simple moving average of $114.24 and a 200 day simple moving average of $118.29. The stock has a market cap of $16.07 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Susquehanna increased their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Stifel Nicolaus lowered their target price on 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, Truist Financial began coverage on Expeditors International of Washington in a research note on Thursday. They set a “hold” rating and a $110.00 price target on the stock. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.90.

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.