Chevy Chase Trust Holdings LLC Sells 2,469 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,854 shares of the transportation company's stock after selling 2,469 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Expeditors International of Washington worth $8,181,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington during the third quarter worth $57,000. Maia Wealth LLC acquired a new position in Expeditors International of Washington in the third quarter worth $59,000. Asset Dedication LLC increased its stake in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock valued at $72,000 after purchasing an additional 503 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Expeditors International of Washington by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company's stock worth $144,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EXPD shares. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday. UBS Group dropped 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 report on Wednesday. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $116.56.

Expeditors International of Washington Trading Down 0.7 %

EXPD stock traded down $0.82 during trading on Friday, reaching $116.44. 2,811,278 shares of the stock were exchanged, compared to its average volume of 1,120,276. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The company has a market capitalization of $16.30 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. The stock has a 50 day simple moving average of $112.54 and a 200-day simple moving average of $118.39.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Company 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.