Metis Global Partners LLC Sells 455 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Metis Global Partners LLC reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,582 shares of the transportation company’s stock after selling 455 shares during the quarter. Metis Global Partners LLC’s holdings in Expeditors International of Washington were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Two Sigma Advisers LP lifted its holdings in shares of Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after purchasing an additional 399,800 shares in the last quarter. KBC Group NV lifted its holdings in shares of Expeditors International of Washington by 836.7% during the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after purchasing an additional 303,438 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $13,008,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $11,219,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 0.9 %

NASDAQ EXPD opened at $118.39 on Tuesday. The stock’s 50-day moving average price is $112.98 and its 200-day moving average price is $118.34. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The company has a market capitalization of $16.34 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $116.56.

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.