Moran Wealth Management LLC Has $499,000 Position in Expeditors International of Washington, Inc. $EXPD

Moran Wealth Management LLC reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,371 shares of the transportation company’s stock after selling 526 shares during the period. Moran Wealth Management LLC’s holdings in Expeditors International of Washington were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the 1st quarter valued at $30,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington in the 1st quarter valued at $37,000. Ransom Advisory Ltd acquired a new stake in Expeditors International of Washington in the 1st quarter valued at $41,000. Finally, Twin Tree Management LP acquired a new stake in Expeditors International of Washington in the 1st quarter valued at $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Bank of America downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, October 10th. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. Finally, Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Seven analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $114.44.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $118.17 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15. The firm has a market cap of $16.04 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm’s 50-day simple moving average is $120.73 and its 200 day simple moving average is $115.64.

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.