Corebridge Financial Inc. Has $4.27 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Corebridge Financial Inc. cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,561 shares of the transportation company's stock after selling 2,235 shares during the quarter. Corebridge Financial Inc.'s holdings in Expeditors International of Washington were worth $4,271,000 as of its most recent SEC filing.

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

Expeditors International of Washington Trading Down 1.5 %

EXPD stock traded down $1.66 during mid-day trading on Friday, hitting $109.00. 2,114,555 shares of the company were exchanged, compared to its average volume of 1,259,011. Expeditors International of Washington, Inc. has a 1-year low of $107.24 and a 1-year high of $131.59. The stock has a market capitalization of $15.02 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The business has a 50 day simple moving average of $116.22 and a 200-day simple moving average of $117.71.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent analyst reports. Truist Financial began coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a "hold" rating and a $110.00 price target on the stock. Stifel Nicolaus dropped their price target 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 reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Susquehanna upped their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Finally, StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average 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.