Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Lessened by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,561 shares of the transportation company’s stock after selling 2,235 shares during the period. Corebridge Financial Inc.’s holdings in Expeditors International of Washington were worth $4,271,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stevens Capital Management LP bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth $1,174,000. Fox Run Management L.L.C. raised its position in Expeditors International of Washington by 14.7% in the fourth quarter. Fox Run Management L.L.C. now owns 11,358 shares of the transportation company’s stock worth $1,258,000 after acquiring an additional 1,456 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $14,910,000. Mizuho Securities USA LLC boosted its position in shares of Expeditors International of Washington by 45.0% during the 4th quarter. Mizuho Securities USA LLC now owns 13,267 shares of the transportation company’s stock valued at $1,470,000 after purchasing an additional 4,116 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Expeditors International of Washington by 379.2% in the 4th quarter. Quantbot Technologies LP now owns 45,546 shares of the transportation company’s stock worth $5,045,000 after purchasing an additional 36,042 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research reports. Truist Financial began coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 target price for the company. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. UBS Group dropped their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, Susquehanna boosted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $119.71 on Monday. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 5.00 and a beta of 1.00. The business’s 50-day moving average is $115.79 and its 200-day moving average is $117.81. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

Expeditors International of Washington 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.