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

Kentucky Retirement Systems trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,698 shares of the transportation company’s stock after selling 134 shares during the period. Kentucky Retirement Systems’ holdings in Expeditors International of Washington were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the third quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington in the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington during the 3rd quarter worth approximately $57,000. Maia Wealth LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter valued at approximately $59,000. Finally, Asset Dedication LLC boosted its holdings in shares of Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 503 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.7 %

Shares of EXPD stock opened at $116.44 on Monday. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The business’s 50 day moving average is $112.54 and its two-hundred day moving average is $118.42. The company has a market capitalization of $16.30 billion, a P/E ratio of 20.36, a P/E/G ratio of 5.00 and a beta of 0.98.

Insider Transactions at Expeditors International of Washington

In other 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 completion of the sale, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent research reports. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut 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. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Bank of America dropped their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $116.56.

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.