Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Banco Santander S.A.

Banco Santander S.A. lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,504 shares of the transportation company’s stock after selling 24,932 shares during the period. Banco Santander S.A.’s holdings in Expeditors International of Washington were worth $9,471,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC raised its holdings in Expeditors International of Washington by 3.5% in the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares in the last quarter. Chapman Investment Management LLC lifted its position in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after purchasing an additional 112 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after purchasing an additional 113 shares in the last quarter. Lindenwold Advisors INC increased its holdings in Expeditors International of Washington by 0.7% in the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after buying an additional 114 shares during the last quarter. Finally, Guardian Wealth Advisors LLC lifted its holdings in Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $126.64 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm has a 50-day simple moving average of $113.76 and a 200-day simple moving average of $118.37. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Susquehanna increased their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price objective 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. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, Stifel Nicolaus reduced their price target 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. Four research 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 an average price target of $116.56.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were 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 of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington 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 directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is owned by 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.