AXQ Capital LP Sells 834 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

AXQ Capital LP trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,610 shares of the transportation company’s stock after selling 834 shares during the period. AXQ Capital LP’s holdings in Expeditors International of Washington were worth $511,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EXPD. SRS Capital Advisors Inc. increased its position in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $39,000. TD Private Client Wealth LLC boosted its position in 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 worth $54,000 after purchasing an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington during the third quarter worth approximately $57,000. Finally, Intact Investment Management Inc. purchased a new position in Expeditors International of Washington during the fourth quarter worth approximately $66,000. 94.02% of the stock is owned by institutional investors.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $116.19 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The stock has a market capitalization of $16.04 billion, a P/E ratio of 20.31, a PEG ratio of 5.00 and a beta of 1.00. The business has a 50 day simple moving average of $114.97 and a two-hundred day simple moving average of $117.97.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent analyst reports. UBS Group lowered 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. 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. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Finally, Bank of America lowered 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. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $115.90.

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.