Franklin Resources Inc. Sells 12,680 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Franklin Resources Inc. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,806 shares of the transportation company's stock after selling 12,680 shares during the period. Franklin Resources Inc. owned approximately 0.13% of Expeditors International of Washington worth $20,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. Manchester Capital Management LLC raised its position in 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 acquiring an additional 103 shares in the last quarter. Chapman Investment Management LLC raised its holdings 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 valued at $2,101,000 after purchasing an additional 112 shares during the period. OLD National Bancorp IN lifted its stake in 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 valued at $247,000 after purchasing an additional 113 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in 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 worth $86,000 after purchasing an additional 114 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Expeditors International of Washington by 1.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company's stock worth $824,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $1.87 during mid-day trading on Friday, reaching $110.13. 2,297,248 shares of the company were exchanged, compared to its average volume of 1,279,709. The company has a fifty day simple moving average of $115.31 and a 200-day simple moving average of $116.82. The firm has a market cap of $15.17 billion, a PE ratio of 19.25, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent analyst reports. Truist Financial began coverage on Expeditors International of Washington in a report on Thursday, March 13th. They set a "hold" rating and a $110.00 target price on the stock. 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 report on Thursday, January 16th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. UBS Group lowered their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Stifel Nicolaus reduced their price objective 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. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $115.90.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.69% of the stock is owned by company 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.