Wellington Management Group LLP Lowers Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wellington Management Group LLP cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,516,587 shares of the transportation company's stock after selling 671,058 shares during the quarter. Wellington Management Group LLP owned 1.10% of Expeditors International of Washington worth $167,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC raised its position 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 buying an additional 103 shares during the last quarter. Chapman Investment Management LLC raised 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 purchasing an additional 112 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock worth $86,000 after purchasing an additional 114 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in 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 purchasing an additional 125 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $3.19 on Monday, reaching $105.79. 2,184,954 shares of the company's stock were exchanged, compared to its average volume of 1,264,571. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 5.00 and a beta of 1.03. The stock has a fifty day simple moving average of $116.03 and a 200-day simple moving average of $117.49. Expeditors International of Washington, Inc. has a 52 week low of $103.68 and a 52 week high of $131.59.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was 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 in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EXPD shares. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Bank of America lowered their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Truist Financial started coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a "hold" rating and a $110.00 price target for the company. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price 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.