Empower Advisory Group LLC Sells 2,279 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empower Advisory Group LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,540 shares of the transportation company's stock after selling 2,279 shares during the period. Empower Advisory Group LLC owned 0.06% of Expeditors International of Washington worth $8,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of Expeditors International of Washington by 4.0% during the fourth quarter. CIBC Asset Management Inc now owns 21,466 shares of the transportation company's stock worth $2,378,000 after acquiring an additional 823 shares during the last quarter. Sanctuary Advisors LLC increased its position in Expeditors International of Washington by 2.8% during the 4th quarter. Sanctuary Advisors LLC now owns 33,567 shares of the transportation company's stock valued at $3,818,000 after purchasing an additional 910 shares during the period. Principal Financial Group Inc. raised its holdings in Expeditors International of Washington by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company's stock worth $139,484,000 after purchasing an additional 98,197 shares during the last quarter. MOKAN Wealth Management Inc. bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $1,088,000. Finally, Allworth Financial LP lifted its position in shares of Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Trading Down 0.7 %

EXPD stock traded down $0.82 during trading on Friday, reaching $116.44. 2,811,278 shares of the stock were exchanged, compared to its average volume of 1,120,276. The firm's 50 day moving average is $112.54 and its 200 day moving average is $118.39. The firm has a market cap of $16.30 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Bank of America dropped their price objective on 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. JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday. Finally, 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. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $116.56.

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.