Assetmark Inc. Sells 15,994 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Assetmark Inc. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,620 shares of the transportation company’s stock after selling 15,994 shares during the period. Assetmark Inc. owned 0.27% of Expeditors International of Washington worth $42,161,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $57,000. Finally, Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $59,000. 94.02% of the stock is currently owned by institutional investors.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now 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. Also, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred on 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 owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $118.17 on Thursday. The company’s 50 day simple moving average is $113.12 and its 200-day simple moving average is $118.33. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EXPD shares. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, Bank of America decreased their target price 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. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $116.56.

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.