Alpine Global Management LLC Makes New $504,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alpine Global Management LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,551 shares of the transportation company's stock, valued at approximately $504,000.

A number of other hedge funds also recently added to or reduced their stakes in EXPD. SRS Capital Advisors Inc. lifted its position in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $39,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $52,000. TD Private Client Wealth LLC grew its holdings in Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock worth $54,000 after buying an additional 142 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $54,000. 94.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. UBS Group decreased their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Bank of America lowered 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 note on Thursday, January 16th. Finally, StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $115.40.

Expeditors International of Washington Stock Down 2.4 %

Shares of NASDAQ EXPD traded down $2.61 during mid-day trading on Friday, hitting $108.37. 1,326,911 shares of the company traded hands, compared to its average volume of 1,276,187. The business has a 50 day moving average of $114.36 and a two-hundred day moving average of $115.66. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

About Expeditors International of Washington

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.