Simplicity Wealth LLC Has $284,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Simplicity Wealth LLC trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,565 shares of the transportation company's stock after selling 4,407 shares during the period. Simplicity Wealth LLC's holdings in Expeditors International of Washington were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington during the 4th quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington during the third quarter valued at approximately $57,000. Asset Dedication LLC grew its stake in Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock worth $72,000 after buying an additional 503 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Expeditors International of Washington by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company's stock valued at $144,000 after purchasing an additional 176 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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Expeditors International of Washington Stock Down 1.0 %

Shares of NASDAQ EXPD traded down $1.20 during mid-day trading on Friday, hitting $115.29. 1,835,248 shares of the company traded hands, compared to its average volume of 1,359,185. 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 capitalization of $15.91 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 5.00 and a beta of 1.00. The business has a 50 day moving average of $114.24 and a two-hundred day moving average of $118.29.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research note on Thursday. They issued a "hold" rating and a $110.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Finally, StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $115.90.

Expeditors International of Washington Company 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.