Farmers & Merchants Investments Inc. Sells 1,739 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Farmers & Merchants Investments Inc. cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.5% during the 4th quarter, Holdings Channel reports. The firm owned 8,188 shares of the transportation company’s stock after selling 1,739 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Expeditors International of Washington were worth $907,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. OLD National Bancorp IN boosted its stake in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. Lindenwold Advisors INC boosted its position in Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after acquiring an additional 114 shares in the last quarter. Guardian Wealth Advisors LLC boosted its position in Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 115 shares in the last quarter. Huntington National Bank grew its holdings in shares of Expeditors International of Washington by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock worth $241,000 after acquiring an additional 127 shares during the period. Finally, Nicollet Investment Management Inc. raised its position in shares of Expeditors International of Washington by 1.2% in the 3rd quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company’s stock worth $1,423,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.2 %

Shares of NASDAQ:EXPD opened at $110.54 on Friday. The stock has a 50 day moving average of $113.73 and a 200 day moving average of $119.04. The company has a market cap of $15.47 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXPD shares. Barclays upped 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 Wednesday, November 6th. Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen boosted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Bank of America dropped their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $117.44.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

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.