Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 105,462 shares of the transportation company’s stock after selling 5,348 shares during the quarter. Welch & Forbes LLC’s holdings in Expeditors International of Washington were worth $11,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $36,865,000. Arizona State Retirement System boosted its stake in shares of Expeditors International of Washington by 1.3% in the 4th quarter. Arizona State Retirement System now owns 40,991 shares of the transportation company’s stock valued at $4,541,000 after buying an additional 523 shares during the period. Sound Financial Strategies Group LLC boosted its stake in shares of Expeditors International of Washington by 15.6% in the 4th quarter. Sound Financial Strategies Group LLC now owns 7,238 shares of the transportation company’s stock valued at $802,000 after buying an additional 979 shares during the period. Aigen Investment Management LP boosted its stake in shares of Expeditors International of Washington by 492.7% in the 4th quarter. Aigen Investment Management LP now owns 13,704 shares of the transportation company’s stock valued at $1,518,000 after buying an additional 11,392 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $13,008,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Stock Up 2.2 %

EXPD opened at $120.73 on Friday. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The business’s 50 day moving average is $113.26 and its two-hundred day moving average is $118.33.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’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 value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington 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.