State of Tennessee Department of Treasury Has $2.31 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State of Tennessee Department of Treasury cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.3% during the fourth quarter, Holdings Channel reports. The institutional investor 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 & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington during the fourth quarter worth about $39,000. Aster Capital Management DIFC Ltd bought a new position in Expeditors International of Washington during the fourth quarter worth about $52,000. TD Private Client Wealth LLC boosted its holdings in shares of Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after acquiring an additional 142 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Expeditors International of Washington in the fourth quarter worth $54,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $108.73 on Tuesday. The company has a market cap of $14.98 billion, a PE ratio of 19.01, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The stock has a 50-day simple moving average of $114.21 and a 200 day simple moving average of $115.52.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXPD shares. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. UBS Group cut their price target on 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 dropped their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, Truist Financial dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $115.40.

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.