Proficio Capital Partners LLC Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Proficio Capital Partners LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 117,437 shares of the transportation company’s stock, valued at approximately $13,008,000. Proficio Capital Partners LLC owned approximately 0.08% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new position in shares of Expeditors International of Washington in the third quarter valued at $293,000. Chapman Investment Management LLC lifted its holdings in Expeditors International of Washington by 57.2% in the 3rd quarter. Chapman Investment Management LLC now owns 18,855 shares of the transportation company’s stock worth $2,478,000 after buying an additional 6,858 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Expeditors International of Washington by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after buying an additional 176 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Expeditors International of Washington by 10.3% during the third quarter. Van ECK Associates Corp now owns 33,192 shares of the transportation company’s stock valued at $3,966,000 after acquiring an additional 3,092 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Expeditors International of Washington by 33.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 262,818 shares of the transportation company’s stock valued at $34,534,000 after acquiring an additional 65,186 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $117.26 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The company’s fifty day moving average is $112.82 and its two-hundred day moving average is $118.35. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXPD. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. UBS Group cut their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. TD Cowen upped their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.56.

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.