D.A. Davidson & CO. Purchases 2,306 Shares of Expeditors International of Washington, Inc. $EXPD

D.A. Davidson & CO. lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,475 shares of the transportation company’s stock after purchasing an additional 2,306 shares during the quarter. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $4,624,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EXPD. Alpine Bank Wealth Management bought a new position in shares of Expeditors International of Washington in the first quarter worth $26,000. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington in the first quarter valued at $30,000. Ransom Advisory Ltd bought a new position in Expeditors International of Washington in the first quarter valued at $41,000. Twin Tree Management LP bought a new position in Expeditors International of Washington in the first quarter valued at $42,000. Finally, Carderock Capital Management Inc. bought a new position in Expeditors International of Washington in the second quarter valued at $46,000. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’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 completion of the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.69% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a research note on Friday, October 10th. Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. UBS Group increased their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $114.44.

Expeditors International of Washington Trading Down 0.6%

Expeditors International of Washington stock opened at $117.73 on Friday. The firm has a 50-day moving average of $120.72 and a 200-day moving average of $115.95. The firm has a market cap of $15.98 billion, a P/E ratio of 20.58, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $129.15.

Expeditors International of Washington 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.