Royal London Asset Management Ltd. Sells 79,232 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Royal London Asset Management Ltd. trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 339,999 shares of the transportation company's stock after selling 79,232 shares during the quarter. Royal London Asset Management Ltd. owned about 0.24% of Expeditors International of Washington worth $37,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment House LLC increased its holdings in shares of Expeditors International of Washington by 0.7% during the fourth quarter. Investment House LLC now owns 62,599 shares of the transportation company's stock valued at $6,934,000 after acquiring an additional 415 shares in the last quarter. Vinva Investment Management Ltd bought a new stake in Expeditors International of Washington during the 4th quarter valued at $675,000. Xponance Inc. raised its holdings in Expeditors International of Washington by 1.3% during the fourth quarter. Xponance Inc. now owns 21,598 shares of the transportation company's stock worth $2,392,000 after buying an additional 267 shares during the last quarter. Boston Partners lifted its stake in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after buying an additional 869,637 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 168.0% during the fourth quarter. Intech Investment Management LLC now owns 10,872 shares of the transportation company's stock valued at $1,204,000 after buying an additional 6,816 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXPD. Bank of America dropped their price target 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. Stifel Nicolaus cut their target price 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. Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. 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 on the stock in a report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and an average target price of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's 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 sale, the vice president now owns 7,296 shares of the company's stock, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Up 0.5 %

Expeditors International of Washington stock traded up $0.54 during trading on Tuesday, hitting $118.41. The stock had a trading volume of 1,169,844 shares, compared to its average volume of 1,177,619. The stock's 50 day moving average is $115.11 and its two-hundred day moving average is $117.88. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

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.