Wedbush Securities Inc. Purchases 250 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wedbush Securities Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 22,925 shares of the transportation company’s stock after buying an additional 250 shares during the period. Wedbush Securities Inc.’s holdings in Expeditors International of Washington were worth $2,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its position in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after buying an additional 987,233 shares during the last quarter. Boston Partners lifted its holdings in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after acquiring an additional 869,637 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Expeditors International of Washington by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock valued at $374,771,000 after purchasing an additional 57,736 shares in the last quarter. Marshfield Associates grew its holdings in shares of Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Finally, Amundi increased its position in Expeditors International of Washington by 0.6% during the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock worth $163,653,000 after purchasing an additional 8,101 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $109.00 on Friday. The company has a market capitalization of $15.02 billion, a PE ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a fifty-two week low of $107.17 and a fifty-two week high of $131.59. The company has a 50 day simple moving average of $116.22 and a two-hundred day simple moving average of $117.67.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EXPD shares. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Susquehanna boosted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on 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, UBS Group dropped their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Company 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.