Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 85,504 shares of the transportation company’s stock after selling 24,932 shares during the period. Banco Santander S.A. owned approximately 0.06% of Expeditors International of Washington worth $9,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Machina Capital S.A.S. acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $248,000. Edgestream Partners L.P. raised its holdings in Expeditors International of Washington by 576.4% in the 4th quarter. Edgestream Partners L.P. now owns 47,857 shares of the transportation company’s stock worth $5,301,000 after purchasing an additional 40,782 shares during the period. Raymond James Financial Inc. purchased a new position in Expeditors International of Washington during the fourth quarter worth approximately $36,865,000. Arizona State Retirement System grew its holdings in Expeditors International of Washington by 1.3% in the fourth quarter. Arizona State Retirement System now owns 40,991 shares of the transportation company’s stock valued at $4,541,000 after purchasing an additional 523 shares during the period. Finally, Sound Financial Strategies Group LLC increased its position in shares of Expeditors International of Washington by 15.6% in the fourth quarter. Sound Financial Strategies Group LLC now owns 7,238 shares of the transportation company’s stock valued at $802,000 after buying an additional 979 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’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 value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $126.64 on Friday. The firm has a 50 day simple moving average of $113.76 and a 200-day simple moving average of $118.37. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXPD. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. 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. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. UBS Group lowered their price objective on 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. Finally, Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $116.56.

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.