Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,306 shares of the transportation company’s stock after selling 733 shares during the period. Retirement Systems of Alabama’s holdings in Expeditors International of Washington were worth $3,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after buying an additional 51,265 shares during the period. Point72 Asset Management L.P. bought a new position in Expeditors International of Washington during the third quarter valued at about $4,363,000. Franklin Resources Inc. grew its position in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Pensionfund Sabic acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $1,329,000. Finally, Drystone LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $5,925,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 0.1 %

Shares of NASDAQ EXPD opened at $112.38 on Wednesday. The firm has a market cap of $15.73 billion, a PE ratio of 21.91, a PEG 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 company has a fifty day moving average price of $113.38 and a 200 day moving average price of $118.83.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Bank of America decreased 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. Barclays boosted 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 research report on Wednesday, November 6th. TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $117.44.

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.