Citigroup Inc. Has $23 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Citigroup Inc. reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,276 shares of the transportation company's stock after selling 17,442 shares during the quarter. Citigroup Inc. owned about 0.14% of Expeditors International of Washington worth $23,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $26,000. Garde Capital Inc. acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $37,000. Colonial Trust Co SC grew its position in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $42,000. 94.02% of the stock is owned by institutional investors.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, 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 transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXPD. TD Cowen decreased their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective for the company. UBS Group upped their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and an average price target of $114.22.

Expeditors International of Washington Trading Down 0.0%

Expeditors International of Washington stock traded down $0.04 during midday trading on Friday, reaching $119.83. The company's stock had a trading volume of 1,171,238 shares, compared to its average volume of 1,378,761. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The business has a 50-day moving average price of $115.71 and a 200-day moving average price of $114.25. The stock has a market cap of $16.26 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington 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.