Headlands Technologies LLC Cuts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Headlands Technologies LLC reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 88.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 712 shares of the transportation company’s stock after selling 5,671 shares during the period. Headlands Technologies LLC’s holdings in Expeditors International of Washington were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of EXPD. Public Sector Pension Investment Board grew its position in Expeditors International of Washington by 19.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock valued at $802,000 after acquiring an additional 1,000 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Expeditors International of Washington by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company’s stock valued at $490,000 after purchasing an additional 395 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington in the third quarter valued at approximately $4,363,000. Quantinno Capital Management LP increased its stake in Expeditors International of Washington by 23.7% during the 3rd quarter. Quantinno Capital Management LP now owns 29,879 shares of the transportation company’s stock worth $3,926,000 after buying an additional 5,730 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $530,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXPD. Stifel Nicolaus dropped 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 research note on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Susquehanna raised their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.90.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s 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 in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 1.5 %

EXPD stock opened at $109.00 on Monday. The stock has a market cap of $15.02 billion, a P/E ratio of 19.06, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a twelve month low of $107.17 and a twelve month high of $131.59. The company’s 50 day moving average is $116.22 and its two-hundred day moving average is $117.63.

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.