Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,486 shares of the transportation company’s stock after selling 706 shares during the quarter. Van ECK Associates Corp’s holdings in Expeditors International of Washington were worth $3,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hara Capital LLC bought a new position in Expeditors International of Washington in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Expeditors International of Washington during the third quarter valued at approximately $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter worth $59,000. Asset Dedication LLC raised its holdings in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 503 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Expeditors International of Washington by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $144,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXPD. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, UBS Group cut their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Trading Down 1.5 %

Shares of EXPD opened at $116.26 on Thursday. The stock’s 50-day moving average price is $112.63 and its two-hundred day moving average price is $118.43. The stock has a market cap of $16.27 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 3.87 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

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.