Sei Investments Co. Sells 4,122 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sei Investments Co. trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,871 shares of the transportation company's stock after selling 4,122 shares during the quarter. Sei Investments Co.'s holdings in Expeditors International of Washington were worth $6,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in EXPD. Manchester Capital Management LLC boosted its holdings in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC grew its position in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after buying an additional 112 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after purchasing an additional 113 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock valued at $86,000 after buying an additional 114 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Expeditors International of Washington by 1.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company's stock worth $824,000 after acquiring an additional 125 shares during the period. Institutional investors own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction 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 transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EXPD shares. Bank of America dropped their price objective on shares of 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. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Truist Financial assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They issued a "hold" rating and a $110.00 price target on the stock. UBS Group reduced their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus dropped their target price on shares of 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. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $115.90.

Expeditors International of Washington Trading Down 1.5 %

NASDAQ:EXPD traded down $1.66 during trading hours on Friday, reaching $109.00. The company had a trading volume of 2,114,555 shares, compared to its average volume of 1,260,889. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 5.00 and a beta of 1.03. The firm's 50 day moving average price is $116.22 and its 200-day moving average price is $117.67. Expeditors International of Washington, Inc. has a 52 week low of $107.17 and a 52 week high of $131.59.

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.