3Chopt Investment Partners LLC Has $1.36 Million Holdings in Expeditors International of Washington, Inc. $EXPD

3Chopt Investment Partners LLC trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.1% in the second quarter, Holdings Channel.com reports. The firm owned 11,928 shares of the transportation company’s stock after selling 380 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Expeditors International of Washington were worth $1,363,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington in the 1st quarter valued at approximately $26,000. Zions Bancorporation National Association UT purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at $30,000. Garde Capital Inc. purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at $37,000. Ransom Advisory Ltd acquired a new stake in Expeditors International of Washington during the first quarter valued at $41,000. Finally, Twin Tree Management LP acquired a new stake in Expeditors International of Washington during the first quarter valued at $42,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $116.12 on Friday. The stock’s 50-day moving average is $120.82 and its 200-day moving average is $115.76. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $129.15. The company has a market cap of $15.76 billion, a P/E ratio of 20.30, a P/E/G ratio of 5.00 and a beta of 1.09.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. Robert W. Baird initiated coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price target for the company. UBS Group increased their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Finally, Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Reduce” and a consensus price target of $114.78.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.

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.