LPL Financial LLC Sells 5,166 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

LPL Financial LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,911 shares of the transportation company's stock after selling 5,166 shares during the quarter. LPL Financial LLC owned about 0.09% of Expeditors International of Washington worth $14,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. SRS Capital Advisors Inc. raised its stake in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the fourth quarter valued at $39,000. TD Private Client Wealth LLC lifted its holdings in Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock valued at $54,000 after acquiring an additional 142 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington in the third quarter worth about $57,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $66,000. Institutional investors own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm'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 completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded down $1.66 during trading on Friday, reaching $109.00. 2,114,555 shares of the stock traded hands, compared to its average volume of 1,260,889. Expeditors International of Washington, Inc. has a 52-week low of $107.17 and a 52-week high of $131.59. The business has a fifty day simple moving average of $116.22 and a two-hundred day simple moving average of $117.63. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 5.00 and a beta of 1.03.

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.