Legal & General Group Plc Cuts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Legal & General Group Plc lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,142,282 shares of the transportation company's stock after selling 452,661 shares during the period. Legal & General Group Plc owned 0.82% of Expeditors International of Washington worth $126,531,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC boosted its position in shares of Expeditors International of Washington by 32.0% during 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 acquiring an additional 987,233 shares during the last quarter. Boston Partners raised its stake in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares during the period. Geode Capital Management LLC boosted its holdings in Expeditors International of Washington by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock valued at $374,771,000 after purchasing an additional 57,736 shares during the last quarter. Invesco Ltd. grew its stake in shares of Expeditors International of Washington by 10.6% in the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock valued at $272,874,000 after buying an additional 235,409 shares during the period. Finally, Amundi increased its holdings in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company's stock worth $163,653,000 after buying an additional 8,101 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 2.0 %

Expeditors International of Washington stock traded down $2.16 during mid-day trading on Wednesday, reaching $107.87. 309,017 shares of the company's stock were exchanged, compared to its average volume of 1,275,540. The company has a fifty day moving average of $115.30 and a 200-day moving average of $116.58. The company has a market cap of $14.86 billion, a P/E ratio of 18.86, a P/E/G ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business'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 transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EXPD shares. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $115.90.

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.