Expeditors International of Washington (EXPD) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 20.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,331 shares of the transportation company’s stock after selling 19,925 shares during the period. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $5,132,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EXPD. Sei Investments Co. boosted its holdings in shares of Expeditors International of Washington by 3.9% in the 3rd quarter. Sei Investments Co. now owns 414,596 shares of the transportation company’s stock valued at $24,819,000 after acquiring an additional 15,391 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Expeditors International of Washington by 3.0% in the 4th quarter. Confluence Investment Management LLC now owns 224,565 shares of the transportation company’s stock valued at $14,527,000 after acquiring an additional 6,534 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Expeditors International of Washington by 22.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 92,782 shares of the transportation company’s stock valued at $5,554,000 after acquiring an additional 16,910 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Expeditors International of Washington by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 434,286 shares of the transportation company’s stock valued at $25,996,000 after acquiring an additional 10,188 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Expeditors International of Washington by 0.6% in the 3rd quarter. Prudential Financial Inc. now owns 263,278 shares of the transportation company’s stock valued at $15,759,000 after acquiring an additional 1,699 shares during the last quarter. 93.26% of the stock is currently owned by institutional investors.

In related news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.78% of the company’s stock.

EXPD has been the topic of several recent research reports. Barclays reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Credit Suisse Group upped their price objective on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Friday, January 19th. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Expeditors International of Washington in a report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $63.38.

Shares of Expeditors International of Washington (NASDAQ EXPD) opened at $64.19 on Friday. Expeditors International of Washington has a twelve month low of $51.96 and a twelve month high of $67.54. The stock has a market cap of $11,314.34, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.90 and a beta of 0.64.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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