Allstate Corp Invests $429,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allstate Corp acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,875 shares of the transportation company's stock, valued at approximately $429,000.

A number of other large investors also recently modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after buying an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington in the 3rd quarter valued at $4,363,000. Pensionfund Sabic purchased a new stake in Expeditors International of Washington in the 4th quarter worth $1,329,000. Drystone LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $5,925,000. Finally, Allworth Financial LP grew its position in shares of Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock valued at $732,000 after purchasing an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 2.9 %

Shares of EXPD stock traded down $3.19 on Monday, reaching $105.79. 2,184,954 shares of the company's stock were exchanged, compared to its average volume of 1,264,571. The company's fifty day simple moving average is $116.03 and its 200 day simple moving average is $117.49. Expeditors International of Washington, Inc. has a 52 week low of $103.68 and a 52 week high of $131.59. The stock has a market capitalization of $14.57 billion, a PE ratio of 18.49, a P/E/G ratio of 5.00 and a beta of 1.03.

Analyst Ratings Changes

Several analysts have recently issued reports on EXPD shares. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Finally, Susquehanna lifted their target price 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 research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $115.90.

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 dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.69% of the company's stock.

Expeditors International of Washington Company 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.