Insider Selling: Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Sells $146,925.00 in Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Expeditors International of Washington Trading Down 0.8 %

EXPD stock opened at $117.48 on Thursday. The stock has a market capitalization of $16.44 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The stock’s 50 day simple moving average is $112.63 and its 200 day simple moving average is $118.39.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of analyst reports. 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. Stifel Nicolaus dropped their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Bank of America dropped their price target on 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. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.56.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after buying an additional 987,233 shares during the period. Boston Partners lifted its holdings in shares of Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after buying an additional 869,637 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock valued at $374,771,000 after buying an additional 57,736 shares during the period. First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after buying an additional 690,539 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock valued at $272,874,000 after buying an additional 235,409 shares during the period. 94.02% of the stock is owned by institutional investors.

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.