Jeffrey F. Dickerman Sells 1,250 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Expeditors International of Washington Stock Up 1.6 %

Expeditors International of Washington stock opened at $118.41 on Wednesday. The firm has a 50-day moving average price of $112.57 and a two-hundred day moving average price of $118.39. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPD. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Bank of America dropped their price target 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. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group dropped 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. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $116.56.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently made changes to their positions in EXPD. Sequoia Financial Advisors LLC lifted its stake in shares of Expeditors International of Washington by 6.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,744 shares of the transportation company’s stock worth $361,000 after acquiring an additional 178 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $293,000. International Assets Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after acquiring an additional 265,111 shares during the period. Lake Street Advisors Group LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $209,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Expeditors International of Washington by 1.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,473 shares of the transportation company’s stock worth $11,020,000 after acquiring an additional 1,355 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

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.