Victory Capital Management Inc. Sells 10,667 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Victory Capital Management Inc. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,069 shares of the transportation company’s stock after selling 10,667 shares during the quarter. Victory Capital Management Inc.’s holdings in Expeditors International of Washington were worth $33,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Manchester Capital Management LLC lifted its holdings in Expeditors International of Washington by 3.5% in the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares during the period. Chapman Investment Management LLC lifted its holdings in Expeditors International of Washington by 0.6% in the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after acquiring an additional 112 shares during the period. OLD National Bancorp IN lifted its holdings in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 113 shares during the period. Lindenwold Advisors INC lifted its holdings in Expeditors International of Washington by 0.7% in the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after acquiring an additional 114 shares during the period. Finally, Guardian Wealth Advisors LLC lifted its holdings in Expeditors International of Washington by 5.9% in the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 115 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EXPD shares. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. UBS Group reduced their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.56.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $126.64 on Monday. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 5.00 and a beta of 1.00. The stock has a 50 day moving average price of $113.76 and a 200 day moving average price of $118.34.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is owned by company insiders.

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.