Expeditors International of Washington, Inc. $EXPD Position Lessened by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,928 shares of the transportation company’s stock after selling 380 shares during the period. 3Chopt Investment Partners LLC’s holdings in Expeditors International of Washington were worth $1,363,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock worth $19,343,000 after acquiring an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Expeditors International of Washington by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock valued at $1,971,000 after purchasing an additional 430 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Expeditors International of Washington by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock valued at $667,000 after purchasing an additional 834 shares during the period. Brown Advisory Inc. boosted its stake in Expeditors International of Washington by 2.4% during the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock valued at $1,249,000 after purchasing an additional 246 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $203,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Down 3.8%

NASDAQ EXPD opened at $116.12 on Friday. The stock’s 50-day moving average price is $120.82 and its two-hundred day moving average price is $115.76. The company has a market cap of $15.76 billion, a PE ratio of 20.30, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $129.15.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EXPD has been the subject of several analyst reports. UBS Group boosted their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their target price for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Finally, Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 price objective for the company. Seven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $114.78.

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.