Invesco Ltd. Has $272.87 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Invesco Ltd. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,463,431 shares of the transportation company's stock after buying an additional 235,409 shares during the quarter. Invesco Ltd. owned about 1.76% of Expeditors International of Washington worth $272,874,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EXPD. Captrust Financial Advisors increased its stake in Expeditors International of Washington by 11.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company's stock valued at $490,000 after buying an additional 395 shares during the period. MML Investors Services LLC increased its stake in shares of Expeditors International of Washington by 2.7% during the third quarter. MML Investors Services LLC now owns 9,488 shares of the transportation company's stock valued at $1,247,000 after acquiring an additional 253 shares during the period. Barclays PLC increased its stake in shares of Expeditors International of Washington by 2.4% during the third quarter. Barclays PLC now owns 571,548 shares of the transportation company's stock valued at $75,099,000 after acquiring an additional 13,479 shares during the period. Toronto Dominion Bank raised its holdings in Expeditors International of Washington by 0.5% during the third quarter. Toronto Dominion Bank now owns 69,912 shares of the transportation company's stock worth $9,186,000 after purchasing an additional 319 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in Expeditors International of Washington by 5.4% in the third quarter. SkyView Investment Advisors LLC now owns 5,421 shares of the transportation company's stock worth $712,000 after purchasing an additional 277 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $2.16 during mid-day trading on Wednesday, hitting $107.87. The company's stock had a trading volume of 309,017 shares, compared to its average volume of 1,437,221. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm's 50 day moving average is $115.30 and its 200 day moving average is $116.58. The company has a market cap of $14.86 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares in the company, 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 is accessible through the SEC website. 0.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXPD. Stifel Nicolaus lowered their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lowered 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 research note on Wednesday, February 19th. Truist Financial assumed coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They set a "hold" rating and a $110.00 target price for the company. Finally, UBS Group reduced their price objective on 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. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.