Russell Investments Group Ltd. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,282 shares of the transportation company's stock after selling 88,916 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Expeditors International of Washington worth $17,865,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of EXPD. Franklin Resources Inc. grew its stake in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after buying an additional 30,785 shares in the last quarter. Pensionfund Sabic acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $1,329,000. Drystone LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $5,925,000. Allworth Financial LP raised its position in shares of 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 valued at $732,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock valued at $8,459,000 after buying an additional 20,658 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.
Insider Buying and Selling at Expeditors International of Washington
In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company's stock.
Expeditors International of Washington Trading Down 1.0 %
Expeditors International of Washington stock traded down $1.09 on Tuesday, reaching $110.97. 234,613 shares of the stock were exchanged, compared to its average volume of 1,276,817. The stock has a market cap of $15.29 billion, a PE ratio of 19.43, a PEG ratio of 5.00 and a beta of 1.03. The firm has a fifty day moving average price of $115.32 and a two-hundred day moving average price of $116.63. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.
Analyst Upgrades and Downgrades
EXPD has been the topic of a number of recent 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 target price on the stock. UBS Group lowered their target price on shares of 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. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Susquehanna boosted their price objective 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. Finally, StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $115.90.
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About Expeditors International of Washington
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Free Report)
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.
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