TD Asset Management Inc. Sells 95,239 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

TD Asset Management Inc. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,075,863 shares of the transportation company’s stock after selling 95,239 shares during the quarter. TD Asset Management Inc.’s holdings in Expeditors International of Washington were worth $119,173,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Stevens Capital Management LP acquired a new position in Expeditors International of Washington during the fourth quarter valued at approximately $1,174,000. Fox Run Management L.L.C. boosted its holdings in shares of Expeditors International of Washington by 14.7% during the 4th quarter. Fox Run Management L.L.C. now owns 11,358 shares of the transportation company’s stock worth $1,258,000 after buying an additional 1,456 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Expeditors International of Washington in the 4th quarter valued at $14,910,000. Mizuho Securities USA LLC raised its holdings in Expeditors International of Washington by 45.0% in the 4th quarter. Mizuho Securities USA LLC now owns 13,267 shares of the transportation company’s stock worth $1,470,000 after acquiring an additional 4,116 shares during the period. Finally, Quantbot Technologies LP lifted its position in Expeditors International of Washington by 379.2% during the 4th quarter. Quantbot Technologies LP now owns 45,546 shares of the transportation company’s stock worth $5,045,000 after acquiring an additional 36,042 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.5 %

NASDAQ EXPD opened at $118.41 on Wednesday. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 5.00 and a beta of 1.00. The stock’s 50 day moving average is $115.26 and its two-hundred day moving average is $117.87.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction 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 transaction, the vice president now directly 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 legal filing with the SEC, which can be accessed through this link. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on 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. Truist Financial assumed coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 target price on the stock. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $115.90.

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.