Bessemer Group Inc. Trims Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bessemer Group Inc. decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,730 shares of the transportation company’s stock after selling 103 shares during the quarter. Bessemer Group Inc.’s holdings in Expeditors International of Washington were worth $3,514,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its stake in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Expeditors International of Washington during the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $57,000. Aster Capital Management DIFC Ltd bought a new position in shares of Expeditors International of Washington during the 4th quarter worth $52,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock valued at $54,000 after buying an additional 142 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now 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. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $110.13 on Friday. The stock has a market cap of $15.17 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The stock has a 50-day moving average of $115.31 and a two-hundred day moving average of $116.82. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Truist Financial started coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective on the stock. Susquehanna boosted 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 research note on Monday, March 3rd. Bank of America dropped their target price on 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, UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.