Denali Advisors LLC Has $311,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Denali Advisors LLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 40.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,807 shares of the transportation company’s stock after selling 1,902 shares during the quarter. Denali Advisors LLC’s holdings in Expeditors International of Washington were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington during the third quarter worth approximately $57,000. Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $59,000. Finally, Asset Dedication LLC increased its position in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the 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. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $116.77 on Friday. The firm has a market cap of $16.35 billion, a P/E ratio of 20.42, a P/E/G ratio of 5.00 and a beta of 0.98. The business’s fifty day moving average is $112.71 and its two-hundred day moving average is $118.37. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. 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 research report on Wednesday, November 6th. Bank of America lowered their price objective 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered 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. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target 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.