Prudential PLC Sells 36,406 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Prudential PLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,675 shares of the transportation company's stock after selling 36,406 shares during the period. Prudential PLC's holdings in Expeditors International of Washington were worth $4,949,000 at the end of the most recent reporting period.

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

Expeditors International of Washington Trading Up 1.7 %

EXPD stock traded up $1.87 during mid-day trading on Friday, hitting $110.13. The stock had a trading volume of 2,297,248 shares, compared to its average volume of 1,279,709. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company has a fifty day moving average of $115.31 and a 200 day moving average of $116.82. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 5.00 and a beta of 1.03.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EXPD shares. JPMorgan Chase & Co. decreased their price target on 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. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Truist Financial started coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 target price for the company. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and a consensus price target of $115.90.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

About Expeditors International of Washington

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.