State of Alaska Department of Revenue Sells 6,856 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State of Alaska Department of Revenue decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 30.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,962 shares of the transportation company’s stock after selling 6,856 shares during the period. State of Alaska Department of Revenue’s holdings in Expeditors International of Washington were worth $1,768,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 buying an additional 257,791 shares during the period. Marshfield Associates grew its holdings in Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after acquiring an additional 6,878 shares during the period. Principal Financial Group Inc. raised its position in shares of Expeditors International of Washington by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after acquiring an additional 4,044 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Expeditors International of Washington by 1.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after purchasing an additional 9,007 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

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 stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Stifel Nicolaus lowered 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. Bank of America cut 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 note on Thursday, January 16th. Barclays upped their price objective 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, StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $112.38 on Wednesday. The company has a market cap of $15.73 billion, a P/E ratio of 21.91, a P/E/G ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The stock’s fifty day moving average price is $113.38 and its two-hundred day moving average price is $118.83.

Expeditors International of Washington Profile

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.