Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,675 shares of the transportation company’s stock after selling 3,459 shares during the period. M&T Bank Corp owned 0.06% of Expeditors International of Washington worth $8,715,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EXPD. Covestor Ltd increased its position in Expeditors International of Washington by 103.6% in the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 174 shares during the period. BDO Wealth Advisors LLC increased its position in Expeditors International of Washington by 45.3% during the 3rd quarter. BDO Wealth Advisors LLC now owns 414 shares of the transportation company’s stock worth $37,000 after purchasing an additional 129 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Expeditors International of Washington during the 2nd quarter worth approximately $42,000. Ronald Blue Trust Inc. acquired a new position in Expeditors International of Washington during the 2nd quarter worth approximately $47,000. Finally, Zions Bancorporation N.A. increased its position in Expeditors International of Washington by 234.3% during the 1st quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 93.26% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $105.69 on Thursday. The stock has a market capitalization of $16.32 billion, a P/E ratio of 12.88 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12-month low of $86.08 and a 12-month high of $119.90. The firm’s 50-day moving average is $109.40 and its two-hundred day moving average is $104.26.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 10,000 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $109.76, for a total transaction of $1,097,600.00. Following the transaction, the chief executive officer now owns 137,309 shares of the company’s stock, valued at approximately $15,071,035.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. Morgan Stanley cut their price target on shares of Expeditors International of Washington from $90.00 to $87.00 and set an “underweight” rating for the company in a report on Monday, February 27th. BNP Paribas began coverage on Expeditors International of Washington in a research note on Thursday, December 1st. They set a “neutral” rating and a $107.00 price target on the stock. Cowen dropped their price objective on Expeditors International of Washington from $122.00 to $108.00 in a research note on Friday, January 6th. Finally, Wells Fargo & Company boosted their target price on Expeditors International of Washington from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 22nd. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus target price of $100.50.

Expeditors International of Washington Profile

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Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.