Expeditors International of Washington, Inc. (NASDAQ:EXPD) Holdings Trimmed by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,890 shares of the transportation company’s stock after selling 350 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Expeditors International of Washington were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $59,000. Finally, Asset Dedication LLC boosted its stake in shares of Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after buying an additional 503 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington 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 transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $116.44 on Friday. The company has a market capitalization of $16.30 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The company’s fifty day moving average price is $112.54 and its 200 day moving average price is $118.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America decreased their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus decreased their target price on shares of 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. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, UBS Group reduced their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.