Proficio Capital Partners LLC Invests $13.01 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Proficio Capital Partners LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 117,437 shares of the transportation company's stock, valued at approximately $13,008,000. Proficio Capital Partners LLC owned about 0.08% of Expeditors International of Washington at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. Charles Schwab Investment Management Inc. raised its position in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after purchasing an additional 51,265 shares during the period. Franklin Resources Inc. grew its position in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after purchasing an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Expeditors International of Washington during the third quarter worth approximately $4,363,000. Pensionfund Sabic bought a new stake in Expeditors International of Washington in the 4th quarter valued at $1,329,000. Finally, Drystone LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at $5,925,000. 94.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.69% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on EXPD shares. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Bank of America dropped their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. 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. Finally, Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $115.90.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded down $0.80 during midday trading on Wednesday, reaching $116.40. The company's stock had a trading volume of 648,805 shares, compared to its average volume of 1,167,306. 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 moving average price of $114.69 and a two-hundred day moving average price of $118.08. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 5.00 and a beta of 1.00.

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.