Wedbush Securities Inc. Has $2.54 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wedbush Securities Inc. grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,925 shares of the transportation company’s stock after acquiring an additional 250 shares during the period. Wedbush Securities Inc.’s holdings in Expeditors International of Washington were worth $2,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Manchester Capital Management LLC increased its position in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after purchasing an additional 103 shares during the last quarter. Chapman Investment Management LLC increased its holdings in Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after buying an additional 112 shares during the last quarter. OLD National Bancorp IN increased its holdings in Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after buying an additional 113 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Expeditors International of Washington by 17.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 114 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Expeditors International of Washington by 1.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock valued at $824,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Susquehanna raised their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. UBS Group reduced their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $115.90.

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 on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value 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. The trade was a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $109.00 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $107.17 and a 52 week high of $131.59. The company has a market capitalization of $15.02 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The company’s 50-day simple moving average is $116.22 and its 200 day simple moving average is $117.67.

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.