Expeditors International of Washington, Inc. $EXPD Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,836 shares of the transportation company’s stock after selling 8,912 shares during the quarter. Yousif Capital Management LLC owned about 0.06% of Expeditors International of Washington worth $8,779,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Deseret Mutual Benefit Administrators grew its stake in shares of Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company’s stock valued at $199,000 after buying an additional 103 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Expeditors International of Washington by 11.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 109 shares in the last quarter. Greenleaf Trust grew its stake in Expeditors International of Washington by 2.5% during the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 112 shares in the last quarter. Ancora Advisors LLC grew its stake in Expeditors International of Washington by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 15,975 shares of the transportation company’s stock valued at $1,921,000 after purchasing an additional 118 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in Expeditors International of Washington by 38.6% during the 1st quarter. CVA Family Office LLC now owns 431 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of a number of recent analyst reports. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, September 11th. Finally, Robert W. Baird initiated coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 target price for the company. Seven research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $114.44.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the sale, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 0.7%

Shares of EXPD opened at $113.96 on Tuesday. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 5.00 and a beta of 1.09. The stock has a 50 day moving average of $120.73 and a 200-day moving average of $115.63. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15.

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.