Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,894 shares of the transportation company’s stock after selling 336 shares during the period. Checchi Capital Advisers LLC’s holdings in Expeditors International of Washington were worth $210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXPD. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $57,000. Maia Wealth LLC purchased a new position in Expeditors International of Washington during the 3rd quarter worth approximately $59,000. Finally, Asset Dedication LLC increased its position in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after buying an additional 503 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $116.77 on Friday. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. The business’s 50 day simple moving average is $112.71 and its 200-day simple moving average is $118.37. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EXPD shares. UBS Group cut their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Bank of America reduced their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average 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.