AXQ Capital LP Cuts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

AXQ Capital LP decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,610 shares of the transportation company’s stock after selling 834 shares during the quarter. AXQ Capital LP’s holdings in Expeditors International of Washington were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $4,363,000. Pensionfund Sabic bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $1,329,000. Finally, Drystone LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth about $5,925,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Bank of America dropped their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, UBS Group dropped their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Trading Up 0.5 %

Shares of EXPD stock opened at $116.19 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00. The stock has a fifty day simple moving average of $114.97 and a two-hundred day simple moving average of $117.97.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.