Gordian Advisors LLC Sells 355 Shares of Expeditors International of Washington, Inc. $EXPD

Gordian Advisors LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,790 shares of the transportation company’s stock after selling 355 shares during the period. Gordian Advisors LLC’s holdings in Expeditors International of Washington were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington during the 1st quarter worth $26,000. Zions Bancorporation National Association UT bought a new stake in Expeditors International of Washington during the 1st quarter worth $30,000. Garde Capital Inc. bought a new stake in Expeditors International of Washington during the 1st quarter worth $37,000. Ransom Advisory Ltd bought a new stake in Expeditors International of Washington during the 1st quarter worth $41,000. Finally, Twin Tree Management LP bought a new stake in Expeditors International of Washington during the 1st quarter worth $42,000. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares of the company’s stock, valued at $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent research reports. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. increased their price target 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. Bank of America cut 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 note on Friday, July 11th. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research note on Friday. Finally, Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Seven research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $114.44.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $113.06 on Monday. The business has a 50 day simple moving average of $120.79 and a 200 day simple moving average of $115.67. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $129.15. The stock has a market capitalization of $15.34 billion, a P/E ratio of 19.77, a P/E/G ratio of 5.00 and a beta of 1.09.

About Expeditors International of Washington

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.