D.A. Davidson & CO. Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

D.A. Davidson & CO. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,620 shares of the transportation company’s stock after selling 97 shares during the period. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $4,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at about $57,000. Maia Wealth LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at about $59,000. Asset Dedication LLC increased its position in shares of Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Expeditors International of Washington by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent research reports. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Barclays raised their price target 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. Stifel Nicolaus reduced 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 report on Thursday, January 23rd. Finally, UBS Group reduced their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $117.22 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a 50 day simple moving average of $112.58 and a two-hundred day simple moving average of $118.43. The stock has a market cap of $16.41 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 4.02 and a beta of 0.98.

Insiders Place Their Bets

In other news, 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 value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.69% of the company’s stock.

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.