Hartford Investment Management Co. Sells 242 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Hartford Investment Management Co. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,574 shares of the transportation company’s stock after selling 242 shares during the period. Hartford Investment Management Co.’s holdings in Expeditors International of Washington were worth $950,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EXPD. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington during the 3rd quarter worth about $57,000. Maia Wealth LLC purchased a new position in Expeditors International of Washington during the 3rd quarter valued at about $59,000. Asset Dedication LLC raised its holdings in shares of Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Expeditors International of Washington by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock worth $144,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $113.82 on Friday. The firm has a market capitalization of $15.93 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The company’s fifty day moving average price is $112.91 and its 200-day moving average price is $118.66. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Barclays boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.44.

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.