Empower Advisory Group LLC Sells 2,279 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empower Advisory Group LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,540 shares of the transportation company’s stock after selling 2,279 shares during the quarter. Empower Advisory Group LLC owned approximately 0.06% of Expeditors International of Washington worth $8,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc increased its holdings in Expeditors International of Washington by 4.0% in the 4th quarter. CIBC Asset Management Inc now owns 21,466 shares of the transportation company’s stock valued at $2,378,000 after buying an additional 823 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Expeditors International of Washington by 2.8% during the 4th quarter. Sanctuary Advisors LLC now owns 33,567 shares of the transportation company’s stock valued at $3,818,000 after acquiring an additional 910 shares in the last quarter. Principal Financial Group Inc. increased its stake in Expeditors International of Washington by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after acquiring an additional 98,197 shares during the period. MOKAN Wealth Management Inc. acquired a new position in Expeditors International of Washington in the fourth quarter worth about $1,088,000. Finally, Allworth Financial LP lifted its stake in Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after purchasing an additional 1,216 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Up 1.0 %

NASDAQ EXPD opened at $113.82 on Tuesday. The company has a market cap of $15.93 billion, a P/E ratio of 22.19, a PEG ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The company has a fifty day simple moving average of $112.77 and a 200 day simple moving average of $118.48.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. 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 research note on Thursday, January 23rd. Bank of America reduced their target price 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. TD Cowen increased their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $117.44.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’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 transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

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.