Alliancebernstein L.P. Sells 6,578 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alliancebernstein L.P. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,687 shares of the transportation company's stock after selling 6,578 shares during the period. Alliancebernstein L.P. owned 0.11% of Expeditors International of Washington worth $17,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC increased its stake in Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after acquiring an additional 987,233 shares during the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $107,863,000. Boston Partners boosted its stake in Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after buying an additional 869,637 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth about $55,036,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $36,865,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded up $1.33 during trading hours on Monday, hitting $111.48. 92,256 shares of the company were exchanged, compared to its average volume of 1,276,510. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company has a 50 day simple moving average of $115.31 and a two-hundred day simple moving average of $116.75. The firm has a market cap of $15.36 billion, a P/E ratio of 19.49, a P/E/G ratio of 5.00 and a beta of 1.03.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred 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 owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 firms have weighed in on EXPD. 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 on the stock in a research note on Thursday, January 16th. 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 research report on Monday, March 3rd. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. UBS Group cut 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, JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $115.90.

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.