QRG Capital Management Inc. Sells 6,820 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

QRG Capital Management Inc. trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,772 shares of the transportation company’s stock after selling 6,820 shares during the quarter. QRG Capital Management Inc.’s holdings in Expeditors International of Washington were worth $3,519,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in shares of Expeditors International of Washington during the third quarter valued at about $293,000. Chapman Investment Management LLC grew its stake in Expeditors International of Washington by 57.2% during the third quarter. Chapman Investment Management LLC now owns 18,855 shares of the transportation company’s stock valued at $2,478,000 after acquiring an additional 6,858 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Expeditors International of Washington by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 176 shares in the last quarter. Van ECK Associates Corp increased its holdings in Expeditors International of Washington by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 33,192 shares of the transportation company’s stock worth $3,966,000 after acquiring an additional 3,092 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Expeditors International of Washington by 33.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 262,818 shares of the transportation company’s stock worth $34,534,000 after purchasing an additional 65,186 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $117.26 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The business has a 50 day moving average of $112.82 and a 200 day moving average of $118.35. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 5.00 and a beta of 0.98.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction 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 transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EXPD shares. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus decreased their target price on 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. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. UBS Group cut their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $116.56.

Expeditors International of Washington Company 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.