Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Sells $173,533.50 in Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Expeditors International of Washington Stock Down 0.1%

Shares of EXPD opened at $116.95 on Tuesday. The company has a 50-day simple moving average of $114.99 and a 200-day simple moving average of $114.07. The company has a market capitalization of $16.02 billion, a PE ratio of 20.45, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXPD. Truist Financial increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, June 30th. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Barclays decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, May 7th. UBS Group raised their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Five 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 currently has a consensus rating of “Hold” and an average target price of $114.22.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently modified their holdings of EXPD. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $30,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $34,000. Finally, Garde Capital Inc. acquired a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.