Everett Harris & Co. CA Sells 2,555 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Everett Harris & Co. CA reduced its holdings in Expeditors International of Washington by 1.2%, owning approximately 216,211 shares worth about $25,999,000.
• Analysts have set various price targets for Expeditors International, with a consensus target price of $114.22, and ratings ranging from "sell" to "hold."
• Expeditors International boasts a market capitalization of $16.15 billion and has seen its stock fluctuate between a 1-year low of $100.47 and a high of $131.59.

Everett Harris & Co. CA lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 216,211 shares of the transportation company's stock after selling 2,555 shares during the period. Everett Harris & Co. CA owned 0.16% of Expeditors International of Washington worth $25,999,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. National Bank of Canada FI boosted its holdings in shares of Expeditors International of Washington by 6.0% during the first quarter. National Bank of Canada FI now owns 83,121 shares of the transportation company's stock worth $9,995,000 after acquiring an additional 4,728 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Expeditors International of Washington by 8.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 303,198 shares of the transportation company's stock worth $36,460,000 after acquiring an additional 23,669 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Expeditors International of Washington by 7.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 976,329 shares of the transportation company's stock worth $117,404,000 after acquiring an additional 71,592 shares during the period. ASR Vermogensbeheer N.V. bought a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $3,973,000. Finally, Lester Murray Antman dba SimplyRich bought a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $209,000. Institutional investors own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EXPD. TD Cowen reduced their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. 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. Baird R W upgraded 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 issued a "neutral" rating and a $124.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of 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. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Price Performance

EXPD traded down $1.02 during trading on Friday, hitting $117.06. 884,854 shares of the stock traded hands, compared to its average volume of 1,384,355. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 5.00 and a beta of 1.05. The business has a 50 day moving average price of $114.88 and a 200 day moving average price of $114.05.

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.