Checchi Capital Advisers LLC Reduces Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Checchi Capital Advisers LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,894 shares of the transportation company’s stock after selling 336 shares during the period. Checchi Capital Advisers LLC’s holdings in Expeditors International of Washington were worth $210,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Manchester Capital Management LLC increased its stake in Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after buying an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its holdings in Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after buying an additional 112 shares in the last quarter. OLD National Bancorp IN increased its stake in Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after acquiring an additional 113 shares during the last quarter. Lindenwold Advisors INC raised its holdings in shares of Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after acquiring an additional 114 shares in the last quarter. Finally, Guardian Wealth Advisors LLC raised its stake in Expeditors International of Washington by 5.9% during the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Bank of America reduced their target price on 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 raised 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. Finally, StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $116.56.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Expeditors International of Washington Stock Down 0.5 %

Shares of Expeditors International of Washington stock opened at $116.77 on Friday. The company has a 50 day moving average price of $112.71 and a 200 day moving average price of $118.37. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The firm has a market capitalization of $16.35 billion, a P/E ratio of 20.42, a PEG ratio of 5.00 and a beta of 0.98.

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.