Assetmark Inc. Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Assetmark Inc. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 380,620 shares of the transportation company’s stock after selling 15,994 shares during the quarter. Assetmark Inc.’s holdings in Expeditors International of Washington were worth $42,161,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of EXPD. Hara Capital LLC purchased a new position in Expeditors International of Washington during the 3rd quarter worth $26,000. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington during the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington during the 3rd quarter worth $57,000. Finally, Maia Wealth LLC purchased a new position in Expeditors International of Washington during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value 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. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction 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 position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $118.17 on Thursday. The company has a market cap of $16.31 billion, a PE ratio of 20.66, a P/E/G ratio of 5.00 and a beta of 1.00. The company has a fifty day moving average price of $113.12 and a two-hundred day moving average price of $118.33. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target 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. Bank of America lowered their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. TD Cowen upped their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, 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. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $116.56.

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.