Janney Montgomery Scott LLC Sells 2,935 Shares of Expeditors International of Washington, Inc. $EXPD

Janney Montgomery Scott LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,169 shares of the transportation company’s stock after selling 2,935 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of Expeditors International of Washington worth $11,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in EXPD. Alpine Bank Wealth Management purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $30,000. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $37,000. Ransom Advisory Ltd purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $41,000. Finally, Twin Tree Management LP purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at about $42,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EXPD has been the subject of several analyst reports. Barclays increased 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 report on Thursday, September 11th. UBS Group increased their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. Bank of America downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their target price for the company from $117.00 to $118.00 in a report on Friday, July 11th. Finally, Truist Financial increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a report on Monday, June 30th. Seven equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $114.78.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $123.55 on Friday. The company has a market capitalization of $16.77 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The company has a 50-day simple moving average of $120.31 and a 200 day simple moving average of $115.65. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $129.15.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by 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.