EP Wealth Advisors LLC Takes Position in Expeditors International of Washington, Inc. $EXPD

EP Wealth Advisors LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,223 shares of the transportation company's stock, valued at approximately $267,000.

Other large investors have also bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington in the first quarter worth $26,000. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the first quarter worth $30,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington in the first quarter worth $37,000. Park Square Financial Group LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth $42,000. Finally, Twin Tree Management LP acquired a new stake in Expeditors International of Washington in the first quarter worth $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the sale, the vice president owned 7,651 shares of the company's stock, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD stock traded up $0.26 during mid-day trading on Friday, hitting $123.61. The company had a trading volume of 1,058,851 shares, compared to its average volume of 1,352,780. The firm has a market cap of $16.78 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock's fifty day moving average price is $118.17 and its two-hundred day moving average price is $115.22.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXPD. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Thursday. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Robert W. Baird began 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 target price for the company. Finally, Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their target price for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $114.78.

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.