BlackDiamond Wealth Management LLC Sells 281 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

BlackDiamond Wealth Management LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,158 shares of the transportation company’s stock after selling 281 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Expeditors International of Washington were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth approximately $303,000. Cibc World Markets Corp grew its stake in shares of Expeditors International of Washington by 15.5% in the fourth quarter. Cibc World Markets Corp now owns 22,119 shares of the transportation company’s stock worth $2,450,000 after acquiring an additional 2,972 shares during the period. SlateStone Wealth LLC grew its stake in shares of Expeditors International of Washington by 3.1% in the fourth quarter. SlateStone Wealth LLC now owns 8,340 shares of the transportation company’s stock worth $924,000 after acquiring an additional 250 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Expeditors International of Washington by 30.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,769 shares of the transportation company’s stock worth $528,000 after acquiring an additional 1,126 shares during the period. Finally, Ascent Capital Management LLC bought a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $209,000. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $117.01 on Tuesday. The firm has a fifty day moving average price of $114.57 and a 200 day moving average price of $118.13. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 5.00 and a beta of 1.00.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EXPD shares. Bank of America cut their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Susquehanna boosted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their target price 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, UBS Group cut their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Company 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.