Expeditors International of Washington, Inc. $EXPD Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Expeditors International of Washington by 14.1%, selling 22,000 shares and owning approximately 0.10% of the company, valued at $14,905,000.
• Insider trading activity included Jeffrey F. Dickerman selling 1,470 shares at an average price of $118.05, representing a 16.12% decrease in his ownership.
• Recent equity research reports gave Expeditors International a mixed outlook, with seven analysts rating it hold and five assigning sell ratings, reflecting a consensus rating of "Reduce."

APG Asset Management N.V. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,895 shares of the transportation company's stock after selling 22,000 shares during the quarter. APG Asset Management N.V. owned about 0.10% of Expeditors International of Washington worth $14,905,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EXPD. MML Investors Services LLC boosted its holdings in Expeditors International of Washington by 8.1% in the 4th quarter. MML Investors Services LLC now owns 10,255 shares of the transportation company's stock valued at $1,136,000 after purchasing an additional 767 shares during the last quarter. Stifel Financial Corp increased its position in shares of Expeditors International of Washington by 2.5% during the fourth quarter. Stifel Financial Corp now owns 144,226 shares of the transportation company's stock valued at $15,976,000 after acquiring an additional 3,501 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $25,000. Syon Capital LLC increased its position in shares of Expeditors International of Washington by 16.7% during the fourth quarter. Syon Capital LLC now owns 2,096 shares of the transportation company's stock valued at $232,000 after acquiring an additional 300 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $422,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded down $1.07 on Thursday, reaching $121.26. 811,454 shares of the company were exchanged, compared to its average volume of 1,365,205. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company has a market cap of $16.46 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The stock's 50 day moving average price is $116.71 and its 200-day moving average price is $114.70.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% 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 shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price target for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Robert W. Baird initiated coverage on shares of 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. UBS Group lifted their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, TD Cowen reduced their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $114.22.

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.