State of Alaska Department of Revenue lowered its stake in Expeditors International of Washington (NASDAQ:EXPD) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,240 shares of the transportation company’s stock after selling 1,310 shares during the quarter. State of Alaska Department of Revenue’s holdings in Expeditors International of Washington were worth $3,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JOYN Advisors Inc. lifted its stake in Expeditors International of Washington by 632.4% in the fourth quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock valued at $34,000 after buying an additional 430 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Expeditors International of Washington by 6,357.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after acquiring an additional 2,841,903 shares in the last quarter. CX Institutional bought a new stake in Expeditors International of Washington during the first quarter worth $50,000. Financial Gravity Companies Inc. bought a new stake in Expeditors International of Washington during the fourth quarter worth $53,000. Finally, Capital Investment Advisory Services LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth $59,000. 93.92% of the stock is currently owned by hedge funds and other institutional investors.

In other Expeditors International of Washington news, insider Philip M. Coughlin sold 2,725 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $74.97, for a total value of $204,293.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher J. Mcclincy sold 1,960 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $77.09, for a total transaction of $151,096.40. Following the completion of the transaction, the vice president now owns 12,848 shares in the company, valued at $990,452.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,183 shares of company stock worth $1,972,217. Corporate insiders own 0.99% of the company’s stock.

Several analysts have issued reports on EXPD shares. Credit Suisse Group upped their price target on shares of Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 20th. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Stifel Nicolaus set a $77.00 price target on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research report on Friday, February 22nd. ValuEngine lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, Cowen reaffirmed a “market perform” rating and set a $78.00 price target (up from $75.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $74.57.

NASDAQ:EXPD opened at $79.04 on Monday. Expeditors International of Washington has a one year low of $61.69 and a one year high of $79.25. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.76 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 19th. The transportation company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.17. Expeditors International of Washington had a net margin of 7.60% and a return on equity of 31.62%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington will post 3.54 EPS for the current year.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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