JPMorgan Chase & Co. Sells 1,152,338 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

JPMorgan Chase & Co. decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 64.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 622,551 shares of the transportation company's stock after selling 1,152,338 shares during the period. JPMorgan Chase & Co. owned 0.44% of Expeditors International of Washington worth $68,960,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock worth $23,623,000 after acquiring an additional 30,785 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $4,363,000. Pensionfund Sabic bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $1,329,000. Drystone LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $5,925,000. Finally, Allworth Financial LP increased its position in Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after buying an additional 1,216 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 7.0 %

NASDAQ:EXPD traded up $7.15 during trading hours on Wednesday, reaching $109.99. The company had a trading volume of 2,348,361 shares, compared to its average volume of 1,272,155. The stock has a 50-day moving average of $115.41 and a two-hundred day moving average of $117.08. Expeditors International of Washington, Inc. has a one year low of $100.98 and a one year high of $131.59. The firm has a market capitalization of $15.15 billion, a PE ratio of 19.23, a PEG ratio of 5.00 and a beta of 1.03.

Insider Transactions 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 that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by insiders.

Analysts Set New Price Targets

EXPD has been the topic of several research analyst reports. 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 objective on the stock. Stifel Nicolaus decreased their price target on shares of 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. JPMorgan Chase & Co. cut their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Susquehanna upped their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $115.90.

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.