Bellevue Asset Management LLC Sells 135 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bellevue Asset Management LLC lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 32.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 285 shares of the transportation company’s stock after selling 135 shares during the quarter. Bellevue Asset Management LLC’s holdings in Expeditors International of Washington were worth $32,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPD. Raymond James Financial Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $36,865,000. Arizona State Retirement System increased its stake in Expeditors International of Washington by 1.3% in the fourth quarter. Arizona State Retirement System now owns 40,991 shares of the transportation company’s stock worth $4,541,000 after purchasing an additional 523 shares during the period. Sound Financial Strategies Group LLC lifted its position in shares of Expeditors International of Washington by 15.6% during the fourth quarter. Sound Financial Strategies Group LLC now owns 7,238 shares of the transportation company’s stock worth $802,000 after purchasing an additional 979 shares during the last quarter. Aigen Investment Management LP boosted its stake in shares of Expeditors International of Washington by 492.7% during the fourth quarter. Aigen Investment Management LP now owns 13,704 shares of the transportation company’s stock valued at $1,518,000 after purchasing an additional 11,392 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $13,008,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $118.17 on Thursday. The company has a market cap of $16.31 billion, a P/E ratio of 20.66, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a fifty day moving average of $113.12 and a two-hundred day moving average of $118.33.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective 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. Bank of America reduced 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. Stifel Nicolaus lowered their price objective 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. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $116.56.

Insider Buying and Selling 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 stock was 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 in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

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.