Diversified Trust Co Sells 6,155 Shares of Expeditors International of Washington, Inc. $EXPD

Diversified Trust Co lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 57.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,480 shares of the transportation company’s stock after selling 6,155 shares during the period. Diversified Trust Co’s holdings in Expeditors International of Washington were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $26,000. Zions Bancorporation National Association UT bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $30,000. Garde Capital Inc. bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $37,000. Ransom Advisory Ltd bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $41,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $42,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Bank of America downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price target for the company. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Finally, Truist Financial boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, June 30th. Seven analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $114.78.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the transaction, the vice president directly 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 document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $121.10 on Wednesday. The firm has a market capitalization of $16.44 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company’s fifty day moving average price is $119.05 and its 200-day moving average price is $115.38.

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.