Capital Fund Management S.A. Sells 15,872 Shares of Expeditors International of Washington, Inc. $EXPD

Capital Fund Management S.A. trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,892 shares of the transportation company’s stock after selling 15,872 shares during the period. Capital Fund Management S.A. owned approximately 0.10% of Expeditors International of Washington worth $16,702,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Expeditors International of Washington in the first quarter worth approximately $26,000. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington during the first quarter valued at approximately $30,000. Garde Capital Inc. bought a new position in Expeditors International of Washington during the first quarter valued at approximately $37,000. Finally, Colonial Trust Co SC grew its position in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the sale, the vice president owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Barclays reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 7th. TD Cowen reduced their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research report on Wednesday, May 7th. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price target for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Robert W. Baird began coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price target on the stock. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $114.22.

Expeditors International of Washington Stock Down 1.7%

NASDAQ:EXPD opened at $119.3640 on Thursday. The stock has a market cap of $16.20 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm’s fifty day simple moving average is $116.08 and its 200 day simple moving average is $114.38. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

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.