Nichols & Pratt Advisers LLP MA Sells 18,450 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nichols & Pratt Advisers LLP MA reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 48.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,841 shares of the transportation company's stock after selling 18,450 shares during the quarter. Nichols & Pratt Advisers LLP MA's holdings in Expeditors International of Washington were worth $2,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after acquiring an additional 257,791 shares during the period. Marshfield Associates lifted its holdings in 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 worth $238,889,000 after purchasing an additional 6,878 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Expeditors International of Washington by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company's stock worth $139,484,000 after purchasing an additional 98,197 shares during the period. Bank of New York Mellon Corp grew its holdings in Expeditors International of Washington by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company's stock valued at $108,997,000 after buying an additional 53,738 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 worth $109,536,000 after buying an additional 51,265 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on 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 of the company's stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Susquehanna increased 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. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Barclays boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. TD Cowen increased their price objective 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. Finally, JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $116.56.

Expeditors International of Washington Stock Up 0.0 %

Shares of NASDAQ EXPD traded up $0.04 during midday trading on Wednesday, hitting $118.17. The stock had a trading volume of 1,462,352 shares, compared to its average volume of 1,237,615. The business's 50 day moving average is $113.12 and its 200-day moving average is $118.33. 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 cap of $16.31 billion, a P/E ratio of 20.66, a PEG ratio of 5.00 and a beta of 0.98.

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.