Barclays PLC Sells 272,479 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Barclays PLC lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 47.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,069 shares of the transportation company's stock after selling 272,479 shares during the quarter. Barclays PLC owned 0.21% of Expeditors International of Washington worth $33,128,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC boosted its holdings in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after buying an additional 987,233 shares in the last quarter. Norges Bank purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $107,863,000. Boston Partners raised its position in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after buying an additional 869,637 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $55,036,000. Finally, Raymond James Financial Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $36,865,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent research reports. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Truist Financial cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Susquehanna raised their price target on 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 assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $115.40.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded up $2.24 during trading on Thursday, hitting $109.33. 324,419 shares of the company's stock traded hands, compared to its average volume of 1,271,878. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The firm's fifty day moving average price is $114.61 and its 200 day moving average price is $115.85. The company has a market cap of $15.06 billion, a PE ratio of 19.08, a PEG ratio of 5.00 and a beta of 1.03.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

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.