Vanguard Group Inc. Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vanguard Group Inc. lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,875,774 shares of the transportation company’s stock after selling 42,621 shares during the quarter. Vanguard Group Inc. owned approximately 12.06% of Expeditors International of Washington worth $1,869,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Franklin Resources Inc. lifted its stake in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Expeditors International of Washington in the third quarter worth about $4,363,000. Pensionfund Sabic bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $1,329,000. Drystone LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $5,925,000. Finally, Allworth Financial LP raised its stake in Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after purchasing an additional 1,216 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $119.12 on Thursday. The company has a market capitalization of $16.44 billion, a P/E ratio of 20.82, a P/E/G ratio of 5.00 and a beta of 1.00. The company’s 50-day simple moving average is $115.41 and its two-hundred day simple moving average is $117.87. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXPD. Truist Financial initiated coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price for the company. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus dropped 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 note on Thursday, January 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.