Mutual of America Capital Management LLC has decreased its holdings in **Expeditors International of Washington, Inc.** (NASDAQ: **EXPD**) by 3.5% during the second quarter of 2023, according to recent disclosures made to the **Securities and Exchange Commission (SEC)**. The institutional investor sold 572 shares, bringing its total ownership down to 15,709 shares, valued at approximately **$1,795,000**.
A number of other significant investors have also adjusted their positions in Expeditors International. **Zions Bancorporation National Association UT** acquired a new stake valued at about **$30,000** in the first quarter, while **Ransom Advisory Ltd** and **Twin Tree Management LP** purchased stakes worth approximately **$41,000** and **$42,000**, respectively. **Carderock Capital Management Inc.** and **eCIO Inc.** also entered the fray, investing around **$46,000** and **$53,000** in the same period. Currently, institutional investors own **94.02%** of the company’s stock.
Insider Transactions and Stock Performance
In a related development, **Jeffrey F. Dickerman**, Vice President at Expeditors, sold 1,470 shares on **August 7, 2023**. This transaction occurred at an average price of **$118.05**, totaling **$173,533.50**. Following the sale, Dickerman’s direct ownership fell to **7,651 shares**, valued at about **$903,200.55**, marking a **16.12%** decrease in his position. This insider transaction has been documented in a filing with the SEC.
As of the latest trading session, shares of Expeditors International opened at **$117.73**, reflecting a decrease of **0.6%**. The company’s stock has a **50-day moving average** of **$120.72** and a **200-day moving average** of **$116.04**. Expeditors International boasts a market capitalization of **$15.98 billion**, a **price-to-earnings (PE) ratio** of **20.58**, and a **price-to-earnings-growth (PEG) ratio** of **5.00**. Over the past year, the stock has fluctuated between a low of **$100.47** and a high of **$129.15**.
About Expeditors International of Washington
**Expeditors International of Washington, Inc.** operates globally, providing a wide range of logistics services. These include air freight services such as consolidation and forwarding, ocean freight and related services, customs brokerage, and ground transportation. The company also offers warehousing, distribution, and various supply chain solutions, ensuring comprehensive service for its clients.
For those interested in tracking other hedge funds’ investments in Expeditors International, more information can be found on **HoldingsChannel.com**, which provides the latest **13F filings** and insider transactions for the company. Additionally, individuals can subscribe to receive daily summaries of news and analyst ratings related to Expeditors International through **MarketBeat.com**’s free newsletter.
