Independent Advisor Alliance decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,863 shares of the transportation company's stock after selling 11,963 shares during the period. Independent Advisor Alliance's holdings in Expeditors International of Washington were worth $3,952,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $30,000. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $37,000. Finally, Colonial Trust Co SC raised its holdings in shares of Expeditors International of Washington by 58.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.
Insiders Place Their Bets
In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on EXPD. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Barclays reduced their price target on shares of 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. Robert W. Baird assumed 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 increased 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 for the company in a research report on Wednesday, May 7th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $114.22.
Check Out Our Latest Report on Expeditors International of Washington
Expeditors International of Washington Stock Down 0.1%
Shares of NASDAQ:EXPD opened at $116.95 on Tuesday. The firm has a market capitalization of $16.02 billion, a PE ratio of 20.45, a P/E/G ratio of 5.00 and a beta of 1.05. 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 50-day moving average price of $114.99 and a two-hundred day moving average price of $114.07.
Expeditors International of Washington Company Profile
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Free Report)
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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