Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,740 shares of the transportation company's stock after selling 4,084 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Expeditors International of Washington were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EXPD. SRS Capital Advisors Inc. increased its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $39,000. TD Private Client Wealth LLC increased its stake in Expeditors International of Washington by 41.0% during the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock worth $54,000 after buying an additional 142 shares during the period. New Age Alpha Advisors LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington in the third quarter worth $57,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EXPD shares. Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Truist Financial began coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They set a "hold" rating and a $110.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Finally, Susquehanna increased their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $115.90.

Expeditors International of Washington Trading Up 1.4 %

Shares of NASDAQ EXPD traded up $1.44 during mid-day trading on Tuesday, reaching $107.10. The company had a trading volume of 270,484 shares, compared to its average volume of 1,415,819. The firm has a 50 day simple moving average of $116.03 and a two-hundred day simple moving average of $117.49. Expeditors International of Washington, Inc. has a 52-week low of $103.68 and a 52-week high of $131.59. The stock has a market cap of $14.75 billion, a P/E ratio of 18.74, a PEG ratio of 5.00 and a beta of 1.03.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was 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 approximately $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 can be accessed through this hyperlink. 0.69% of the stock is currently owned by insiders.

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.