Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Vestcor Inc

Vestcor Inc lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,784 shares of the transportation company's stock after selling 2,262 shares during the period. Vestcor Inc's holdings in Expeditors International of Washington were worth $6,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. SRS Capital Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington during the third quarter worth about $57,000. Asset Dedication LLC boosted its stake in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock worth $72,000 after buying an additional 503 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Expeditors International of Washington by 11.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company's stock worth $147,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

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Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $1.20 during mid-day trading on Friday, reaching $115.29. The company had a trading volume of 1,835,248 shares, compared to its average volume of 1,359,185. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The company has a market capitalization of $15.91 billion, a P/E ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. The stock's 50-day simple moving average is $114.45 and its 200-day simple moving average is $118.19.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXPD shares. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Susquehanna increased their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. UBS Group cut their price target 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 price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $115.90.

Expeditors International of Washington 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.