Baxter Bros Inc. Sells 120 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Baxter Bros Inc. reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 16,300 shares of the transportation company’s stock after selling 120 shares during the quarter. Baxter Bros Inc.’s holdings in Expeditors International of Washington were worth $1,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXPD. Charles Schwab Investment Management Inc. lifted its position in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Expeditors International of Washington by 2.1% in the third quarter. Raymond James Trust N.A. now owns 6,332 shares of the transportation company’s stock worth $832,000 after purchasing an additional 129 shares during the last quarter. Citigroup Inc. boosted its position in shares of Expeditors International of Washington by 13.1% during the third quarter. Citigroup Inc. now owns 182,462 shares of the transportation company’s stock valued at $23,976,000 after buying an additional 21,188 shares during the last quarter. Nwam LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $256,000. Finally, Cerity Partners LLC lifted its holdings in shares of Expeditors International of Washington by 20.2% during the 3rd quarter. Cerity Partners LLC now owns 77,926 shares of the transportation company’s stock valued at $10,239,000 after buying an additional 13,120 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXPD. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Truist Financial began coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Bank of America reduced their price objective on shares of 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. Finally, Stifel Nicolaus cut their price target 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. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.90.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value 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 trade represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $117.87 on Tuesday. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The business’s 50 day simple moving average is $115.11 and its 200-day simple moving average is $117.88.

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.