Capital Fund Management S.A. Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Capital Fund Management S.A. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 154,764 shares of the transportation company's stock after selling 11,670 shares during the quarter. Capital Fund Management S.A. owned 0.11% of Expeditors International of Washington worth $17,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Azimuth Capital Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 4.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after buying an additional 103 shares during the period. Chapman Investment Management LLC grew its stake in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after purchasing an additional 112 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after acquiring an additional 113 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Expeditors International of Washington by 17.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock worth $86,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 completion of the sale, the vice president now directly 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 legal filing with the SEC, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Down 2.1 %

Shares of EXPD stock traded down $2.31 during mid-day trading on Wednesday, reaching $107.72. 376,228 shares of the stock traded hands, compared to its average volume of 1,275,955. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The stock's fifty day simple moving average is $115.30 and its two-hundred day simple moving average is $116.58.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXPD. Susquehanna boosted their target price 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 restated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Bank of America lowered 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 report on Thursday, January 16th. UBS Group reduced their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $115.90.

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.