Allstate Corp Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allstate Corp acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,875 shares of the transportation company’s stock, valued at approximately $429,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CreativeOne Wealth LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter valued at $239,000. Public Sector Pension Investment Board grew its holdings in Expeditors International of Washington by 19.6% during the third quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock worth $802,000 after acquiring an additional 1,000 shares during the period. Captrust Financial Advisors raised its position in 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 worth $490,000 after acquiring an additional 395 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Expeditors International of Washington by 6.0% in the 3rd quarter. Verition Fund Management LLC now owns 14,628 shares of the transportation company’s stock valued at $1,922,000 after acquiring an additional 822 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at about $930,000. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price objective for the company. Susquehanna lifted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Bank of America cut their price objective 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. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.90.

Insider Buying and Selling 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 shares were 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 directly owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $121.84 on Thursday. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The company has a 50 day simple moving average of $116.37 and a 200-day simple moving average of $117.84. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.

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.