Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Sells $173,533.50 in Stock

Key Points

• Jeffrey F. Dickerman, VP of Expeditors International of Washington, sold 1,470 shares of the company's stock for $173,533.50, representing a 16.12% decrease in his position.
• The company has a current market cap of $16.02 billion and recently traded at $116.95, close to its 12-month low of $100.47.
• Most analysts have given Expeditors International a "Hold" rating, with a consensus target price of $114.22, while several brokerages recently adjusted their price targets downwards.

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction dated 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 directly owned 7,651 shares of the company's stock, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Expeditors International of Washington Stock Performance

Shares of EXPD traded down $0.17 during trading hours on Monday, hitting $116.95. 1,291,407 shares of the stock were exchanged, compared to its average volume of 1,381,022. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The stock's 50-day moving average price is $114.88 and its two-hundred day moving average price is $114.05.

Analyst Ratings Changes

Several brokerages recently weighed in on EXPD. Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. TD Cowen reduced their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Barclays cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Finally, Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $114.22.

Institutional Trading of Expeditors International of Washington

Several large investors have recently made changes to their positions in the company. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 17.1% during the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company's stock worth $717,470,000 after purchasing an additional 918,108 shares in the last quarter. Boston Partners grew its holdings in Expeditors International of Washington by 13.1% in the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock valued at $516,385,000 after buying an additional 498,212 shares in the last quarter. Invesco Ltd. grew its holdings in Expeditors International of Washington by 23.4% in the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock valued at $365,548,000 after buying an additional 576,468 shares in the last quarter. First Trust Advisors LP grew its holdings in Expeditors International of Washington by 33.8% in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Expeditors International of Washington by 1.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company's stock valued at $269,051,000 after buying an additional 27,965 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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.

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