Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Synovus Financial Corp

Synovus Financial Corp decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,490 shares of the transportation company’s stock after selling 3,485 shares during the period. Synovus Financial Corp’s holdings in Expeditors International of Washington were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of EXPD. SRS Capital Advisors Inc. increased its stake in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $39,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $52,000. TD Private Client Wealth LLC lifted its position in shares of Expeditors International of Washington by 41.0% during the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after purchasing an additional 142 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $54,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EXPD shares. Susquehanna lifted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. UBS Group dropped their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $115.90.

Expeditors International of Washington Stock Up 1.1 %

NASDAQ EXPD opened at $106.67 on Friday. The firm has a market cap of $14.69 billion, a P/E ratio of 18.65, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The business’s 50-day moving average price is $115.09 and its 200 day moving average price is $116.34.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.