Expeditors International of Washington (EXPD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,695 shares of the transportation company’s stock after selling 29,863 shares during the quarter. SG Americas Securities LLC’s holdings in Expeditors International of Washington were worth $2,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gradient Investments LLC bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $68,000. Rehmann Capital Advisory Group raised its holdings in Expeditors International of Washington by 51.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,337 shares of the transportation company’s stock worth $98,000 after purchasing an additional 456 shares during the last quarter. IFP Advisors Inc raised its holdings in Expeditors International of Washington by 23.2% during the 4th quarter. IFP Advisors Inc now owns 1,716 shares of the transportation company’s stock worth $114,000 after purchasing an additional 323 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $128,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in Expeditors International of Washington by 104.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,072 shares of the transportation company’s stock worth $152,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.

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Several research firms have issued reports on EXPD. Zacks Investment Research lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Goldman Sachs Group lowered shares of Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price target for the company. in a report on Friday, December 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.33.

NASDAQ:EXPD opened at $71.12 on Friday. The firm has a market capitalization of $12.27 billion, a PE ratio of 28.68, a P/E/G ratio of 2.59 and a beta of 0.76. Expeditors International of Washington has a twelve month low of $59.10 and a twelve month high of $78.16.

In other news, insider Jeffrey S. Musser sold 30,000 shares of Expeditors International of Washington stock in a transaction on Friday, November 30th. The shares were sold at an average price of $75.95, for a total value of $2,278,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher J. Mcclincy sold 2,371 shares of Expeditors International of Washington stock in a transaction on Friday, November 16th. The shares were sold at an average price of $73.67, for a total transaction of $174,671.57. The disclosure for this sale can be found here. Insiders sold a total of 37,371 shares of company stock valued at $2,820,772 in the last quarter. 0.99% of the stock is currently owned by company insiders.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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