Independent Advisor Alliance Has $4.97 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Independent Advisor Alliance decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,826 shares of the transportation company’s stock after selling 2,781 shares during the period. Independent Advisor Alliance’s holdings in Expeditors International of Washington were worth $4,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPD. Two Sigma Advisers LP boosted its position in shares of Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after purchasing an additional 399,800 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $36,865,000. KBC Group NV boosted its position in shares of Expeditors International of Washington by 836.7% during the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after purchasing an additional 303,438 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $13,008,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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 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 directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 3.8 %

Shares of EXPD opened at $117.53 on Wednesday. The stock has a 50 day moving average of $114.12 and a 200 day moving average of $118.30. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 5.00 and a beta of 1.00.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America cut their price target 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. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, Susquehanna increased their price target 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 analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.