Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Jeffrey F. Dickerman Sells 1,250 Shares of Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $116.57 on Tuesday. The business has a 50-day moving average of $112.52 and a 200 day moving average of $118.40. The stock has a market capitalization of $16.32 billion, a PE ratio of 20.38, a P/E/G ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Analysts Set New Price Targets

A number of equities analysts have commented on EXPD shares. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Finally, Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $116.56.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently made changes to their positions in the stock. Ascent Group LLC increased its stake in shares of Expeditors International of Washington by 16.2% in the fourth quarter. Ascent Group LLC now owns 15,476 shares of the transportation company’s stock worth $1,714,000 after buying an additional 2,155 shares during the period. Forum Financial Management LP grew its holdings in Expeditors International of Washington by 48.3% in the 4th quarter. Forum Financial Management LP now owns 2,419 shares of the transportation company’s stock worth $268,000 after acquiring an additional 788 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at about $504,000. City National Bank of Florida MSD bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $272,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Expeditors International of Washington by 1.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company’s stock worth $269,051,000 after purchasing an additional 27,965 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

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.