PNC Financial Services Group Inc. Cuts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

PNC Financial Services Group Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,075 shares of the transportation company's stock after selling 4,385 shares during the period. PNC Financial Services Group Inc.'s holdings in Expeditors International of Washington were worth $6,433,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EXPD. Venturi Wealth Management LLC lifted its stake in Expeditors International of Washington by 25.1% in the third quarter. Venturi Wealth Management LLC now owns 2,586 shares of the transportation company's stock valued at $340,000 after purchasing an additional 519 shares during the last quarter. Aigen Investment Management LP purchased a new position in Expeditors International of Washington in the third quarter valued at approximately $304,000. Victory Capital Management Inc. lifted its stake in Expeditors International of Washington by 1.7% in the third quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company's stock valued at $41,619,000 after purchasing an additional 5,438 shares during the last quarter. MQS Management LLC purchased a new position in Expeditors International of Washington in the third quarter valued at approximately $231,000. Finally, Parametrica Management Ltd purchased a new position in Expeditors International of Washington in the third quarter valued at approximately $302,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

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Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction 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 directly 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 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 company insiders.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of analyst reports. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Truist Financial initiated coverage on shares of Expeditors International of Washington in a report on Thursday. They set a "hold" rating and a $110.00 target price on the stock. Bank of America lowered their target price on shares of 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. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Finally, JPMorgan Chase & Co. lowered their target price 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. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, 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 1.0 %

Shares of Expeditors International of Washington stock traded down $1.20 during trading on Friday, hitting $115.29. The stock had a trading volume of 1,835,248 shares, compared to its average volume of 1,359,185. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The business's 50-day moving average is $114.45 and its 200 day moving average is $118.19.

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.