Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,771 shares of the transportation company’s stock after selling 612 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Expeditors International of Washington were worth $1,858,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $532,000. Proficio Capital Partners LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $13,008,000. SRN Advisors LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $922,000. Los Angeles Capital Management LLC raised its position in shares of Expeditors International of Washington by 42.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 136,604 shares of the transportation company’s stock worth $15,132,000 after purchasing an additional 40,381 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Expeditors International of Washington by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock worth $108,997,000 after purchasing an additional 53,738 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $126.64 on Friday. The stock has a fifty day moving average price of $113.76 and a two-hundred day moving average price of $118.37. The firm has a market cap of $17.48 billion, a P/E ratio of 22.14, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXPD. Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. UBS Group dropped their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America dropped their price target 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, StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $116.56.

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.