State of Alaska Department of Revenue Sells 1,030 Shares of Expeditors International of Washington, Inc. $EXPD

State of Alaska Department of Revenue lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,362 shares of the transportation company’s stock after selling 1,030 shares during the quarter. State of Alaska Department of Revenue’s holdings in Expeditors International of Washington were worth $1,755,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in shares of Expeditors International of Washington in the first quarter worth $26,000. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington in the first quarter valued at $30,000. Garde Capital Inc. bought a new position in Expeditors International of Washington in the first quarter valued at $37,000. Ransom Advisory Ltd bought a new position in Expeditors International of Washington in the first quarter valued at $41,000. Finally, Twin Tree Management LP bought a new position in Expeditors International of Washington in the first quarter valued at $42,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.4%

Expeditors International of Washington stock opened at $123.55 on Friday. The firm has a 50-day moving average of $120.31 and a 200-day moving average of $115.65. The firm has a market cap of $16.77 billion, a P/E ratio of 21.60, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $129.15.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. UBS Group increased their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Truist Financial increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, June 30th. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Finally, Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $114.78.

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.