Insider Selling: Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Sells 1,250 Shares of Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Expeditors International of Washington Trading Up 0.2 %

Expeditors International of Washington stock traded up $0.26 during trading on Thursday, hitting $117.66. 400,982 shares of the company were exchanged, compared to its average volume of 1,151,152. The business's 50 day moving average is $112.63 and its 200 day moving average is $118.39. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The company has a market capitalization of $16.47 billion, a P/E ratio of 20.59, a PEG ratio of 5.00 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EXPD. JPMorgan Chase & Co. dropped their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research 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 on the stock in a report on Wednesday, February 19th. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Finally, StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $116.56.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. NDVR Inc. boosted its stake in shares of Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after buying an additional 99 shares during the last quarter. Azimuth Capital Investment Management LLC lifted its holdings in Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after acquiring an additional 100 shares during the period. Manchester Capital Management LLC grew its stake in Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC grew its stake in 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 period. Finally, OLD National Bancorp IN increased its position in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after purchasing an additional 113 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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.