Louisiana State Employees Retirement System Has $831,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Louisiana State Employees Retirement System reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,500 shares of the transportation company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Expeditors International of Washington were worth $831,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hara Capital LLC bought a new stake in Expeditors International of Washington during the third quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at about $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $59,000. Asset Dedication LLC grew its position in shares of Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 503 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Expeditors International of Washington by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 176 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several analyst reports. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday. TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. 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 stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $117.44.

Insiders Place Their Bets

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Up 1.0 %

Shares of Expeditors International of Washington stock opened at $113.82 on Tuesday. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The company’s 50 day moving average is $112.77 and its 200 day moving average is $118.48.

Expeditors International of Washington Company 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.