State of Tennessee Department of Treasury Reduces Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State of Tennessee Department of Treasury cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,893 shares of the transportation company’s stock after selling 1,173 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Expeditors International of Washington were worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after acquiring an additional 987,233 shares during the last quarter. Norges Bank bought a new position in shares of Expeditors International of Washington in the 4th quarter worth about $107,863,000. Boston Partners lifted its position in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after buying an additional 869,637 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after buying an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at about $55,036,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on EXPD. JPMorgan Chase & Co. cut their price objective on shares of 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. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus lowered 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 research note on Thursday, January 23rd. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, Truist Financial cut their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $115.40.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $108.73 on Tuesday. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The stock’s 50-day moving average is $114.21 and its two-hundred day moving average is $115.52. The firm has a market cap of $14.98 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.

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.