D.A. Davidson & CO. Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

D.A. Davidson & CO. lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 38,620 shares of the transportation company’s stock after selling 97 shares during the quarter. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $4,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPD. CIBC Asset Management Inc raised its stake in Expeditors International of Washington by 4.0% during the fourth quarter. CIBC Asset Management Inc now owns 21,466 shares of the transportation company’s stock valued at $2,378,000 after buying an additional 823 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Expeditors International of Washington by 2.8% during the fourth quarter. Sanctuary Advisors LLC now owns 33,567 shares of the transportation company’s stock valued at $3,818,000 after buying an additional 910 shares during the last quarter. Principal Financial Group Inc. raised its stake in Expeditors International of Washington by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after buying an additional 98,197 shares during the last quarter. MOKAN Wealth Management Inc. purchased a new position in Expeditors International of Washington during the fourth quarter valued at $1,088,000. Finally, Allworth Financial LP raised its stake in Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after buying an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, Bank of America decreased their price target 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. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $117.22 on Friday. The stock has a market cap of $16.41 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 4.02 and a beta of 0.98. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The stock has a fifty day moving average of $112.58 and a 200 day moving average of $118.43.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is owned by company insiders.

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.