Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Holdings Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 55.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,756 shares of the transportation company's stock after selling 179,123 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.10% of Expeditors International of Washington worth $15,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. OLD National Bancorp IN lifted its stake in shares of Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after acquiring an additional 113 shares in the last quarter. Lindenwold Advisors INC lifted its stake in shares of Expeditors International of Washington by 0.7% in the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock worth $2,196,000 after acquiring an additional 114 shares in the last quarter. Guardian Wealth Advisors LLC lifted its stake in shares of Expeditors International of Washington by 5.9% in the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company's stock worth $269,000 after acquiring an additional 115 shares in the last quarter. Huntington National Bank lifted its stake in shares of Expeditors International of Washington by 7.4% in the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company's stock worth $241,000 after acquiring an additional 127 shares in the last quarter. Finally, Nicollet Investment Management Inc. lifted its stake in shares of Expeditors International of Washington by 1.2% in the third 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.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares of the company's stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on EXPD shares. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday. UBS Group cut their price target on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research note on Wednesday. Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Bank of America cut their price objective on 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. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $116.56.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded up $0.95 on Thursday, reaching $117.22. 1,171,454 shares of the company were exchanged, compared to its average volume of 1,069,035. The company's 50-day moving average is $112.63 and its two-hundred day moving average is $118.43. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 4.02 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

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.